https://www.taxtmi.com/caselaws?id=88492 Modvat credit was held admissible where additional duty on inputs was paid after clearance of the goods, despite the absence of an express pre-April 1987 provision in Rule 57E. The Larger Bench view applied Rule 57G to permit credit of duty paid subsequently on inputs, and treated the April 1987 amendment to Rule 57E as clarificatory rather than as creating the entitlement for the first time. On that basis, the later-paid duty was allowed to be taken as credit, and the objection based on the earlier wording of Rule 57E was rejected in favour of the assessee. en-us Sat, 20 Dec 1997 00:00:00 +0530 Mon, 19 Sep 2011 12:38:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88492 Modvat credit was held admissible where additional duty on inputs was paid after clearance of the goods, despite the absence of an express pre-April 1987 provision in Rule 57E. The Larger Bench view applied Rule 57G to permit credit of duty paid subsequently on inputs, and treated the April 1987 amendment to Rule 57E as clarificatory rather than as creating the entitlement for the first time. On that basis, the later-paid duty was allowed to be taken as credit, and the objection based on the earlier wording of Rule 57E was rejected in favour of the assessee. Case-Laws Central Excise Sat, 20 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88492