https://www.taxtmi.com/caselaws?id=94772 A six-month limitation inserted into Rule 57G of the Central Excise Rules, 1944 was held not to operate retrospectively against Modvat credit that had already crystallised when inputs were received with valid duty-paid documents before the amendment. The amendment was not treated as declaratory or clarificatory, and no express or implied retrospective effect was found. A vested statutory credit right could not be withdrawn by later amendment without clear language. The restriction therefore applied only to credits accruing after commencement, and denial of credit, recovery of duty, and penalty were not sustainable. en-us Fri, 05 Feb 1999 00:00:00 +0530 Sat, 03 Dec 2011 16:50:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94772 A six-month limitation inserted into Rule 57G of the Central Excise Rules, 1944 was held not to operate retrospectively against Modvat credit that had already crystallised when inputs were received with valid duty-paid documents before the amendment. The amendment was not treated as declaratory or clarificatory, and no express or implied retrospective effect was found. A vested statutory credit right could not be withdrawn by later amendment without clear language. The restriction therefore applied only to credits accruing after commencement, and denial of credit, recovery of duty, and penalty were not sustainable. Case-Laws Central Excise Fri, 05 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94772