https://www.taxtmi.com/caselaws?id=108514 The Tribunal upheld the Commissioner (Appeals)' decision, confirming the admissibility of proforma credit under Rule 56A for inputs in stock as of 1-3-94. The Tribunal emphasized that the crucial factor was whether the goods had incurred duty, dismissing Revenue's appeals. The timing of receipt or utilization was deemed less significant than the duty payment. Previous Tribunal decisions supported the allowance of proforma credit for stock inputs, reinforcing the Tribunal's ruling in favor of the assessee-respondents. en-us Tue, 03 Jun 2003 00:00:00 +0530 Mon, 02 Apr 2012 10:04:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108514 The Tribunal upheld the Commissioner (Appeals)' decision, confirming the admissibility of proforma credit under Rule 56A for inputs in stock as of 1-3-94. The Tribunal emphasized that the crucial factor was whether the goods had incurred duty, dismissing Revenue's appeals. The timing of receipt or utilization was deemed less significant than the duty payment. Previous Tribunal decisions supported the allowance of proforma credit for stock inputs, reinforcing the Tribunal's ruling in favor of the assessee-respondents. Case-Laws Central Excise Tue, 03 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108514