https://www.taxtmi.com/caselaws?id=90504 Proforma credit lawfully taken on inputs received while Rule 56-A applied did not have to be reversed merely because the scheme was later withdrawn by notification. The inputs had been intended for use in manufacturing declared finished products covered by the scheme, and the manufacturer had not voluntarily opted out. Rule 56-A(3) was held inapplicable because it addressed cases of withdrawal by the manufacturer, not withdrawal by the department. The reasoning was treated as consistent with Modvat principles that credit already validly availed is not reversed solely because an item is later removed from the eligible category. en-us Thu, 18 Jun 1998 00:00:00 +0530 Fri, 07 Oct 2011 17:57:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90504 Proforma credit lawfully taken on inputs received while Rule 56-A applied did not have to be reversed merely because the scheme was later withdrawn by notification. The inputs had been intended for use in manufacturing declared finished products covered by the scheme, and the manufacturer had not voluntarily opted out. Rule 56-A(3) was held inapplicable because it addressed cases of withdrawal by the manufacturer, not withdrawal by the department. The reasoning was treated as consistent with Modvat principles that credit already validly availed is not reversed solely because an item is later removed from the eligible category. Case-Laws Central Excise Thu, 18 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90504