https://www.taxtmi.com/caselaws?id=100291 Rule 57H(4) does not require prior permission of the Assistant Commissioner where the declaration otherwise satisfies the rule, so the transitional benefit may be claimed without separate approval. Modvat credit under Rule 57G becomes admissible from the date the declaration is acknowledged, and money credit under Rule 57O also arises only from the dated acknowledgement of the declaration. The transitional protection under Rule 57H(4) does not extend to the money credit scheme, so Rule 57O credit is confined to inputs received on or after the acknowledgement date and does not cover pre-acknowledgement stock. en-us Fri, 14 Sep 2001 00:00:00 +0530 Tue, 31 Jan 2012 18:06:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100291 Rule 57H(4) does not require prior permission of the Assistant Commissioner where the declaration otherwise satisfies the rule, so the transitional benefit may be claimed without separate approval. Modvat credit under Rule 57G becomes admissible from the date the declaration is acknowledged, and money credit under Rule 57O also arises only from the dated acknowledgement of the declaration. The transitional protection under Rule 57H(4) does not extend to the money credit scheme, so Rule 57O credit is confined to inputs received on or after the acknowledgement date and does not cover pre-acknowledgement stock. Case-Laws Central Excise Fri, 14 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100291