https://www.taxtmi.com/caselaws?id=89710 Rule 57H of the Central Excise Rules, 1944 permits credit only where the Assistant Collector is satisfied that duty-paid inputs are lying in stock, are received in the factory on or after the relevant date, or are used in final products cleared from the factory on or after that date. The provision requires verification of the inputs' duty-paid character and a direct link to stock held in, or receipt into, the factory. Inputs held by processors outside the factory do not fall within that language and cannot be treated as stock in the factory for credit purposes. Credit was therefore denied. en-us Thu, 09 Jan 1997 00:00:00 +0530 Thu, 29 Sep 2011 11:52:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89710 Rule 57H of the Central Excise Rules, 1944 permits credit only where the Assistant Collector is satisfied that duty-paid inputs are lying in stock, are received in the factory on or after the relevant date, or are used in final products cleared from the factory on or after that date. The provision requires verification of the inputs' duty-paid character and a direct link to stock held in, or receipt into, the factory. Inputs held by processors outside the factory do not fall within that language and cannot be treated as stock in the factory for credit purposes. Credit was therefore denied. Case-Laws Central Excise Thu, 09 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89710