https://www.taxtmi.com/caselaws?id=87493 Notification No. 4/92, effective from 1-3-1992, was held not to operate retrospectively so as to treat earlier clearances to a 100% Export Oriented Unit as deemed export for Modvat credit. Because the clearances preceded the notification and no express retrospective effect was provided, the benefit could not be extended to those transactions. The assessee was therefore not entitled to Modvat credit on the disputed clearances, and the departmental appeal succeeded with the lower appellate order set aside. en-us Wed, 02 Aug 1995 00:00:00 +0530 Tue, 06 Sep 2011 14:19:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87493 Notification No. 4/92, effective from 1-3-1992, was held not to operate retrospectively so as to treat earlier clearances to a 100% Export Oriented Unit as deemed export for Modvat credit. Because the clearances preceded the notification and no express retrospective effect was provided, the benefit could not be extended to those transactions. The assessee was therefore not entitled to Modvat credit on the disputed clearances, and the departmental appeal succeeded with the lower appellate order set aside. Case-Laws Central Excise Wed, 02 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87493