https://www.taxtmi.com/caselaws?id=108514 Proforma credit under Rule 56A was held admissible on duty-paid inputs lying in stock on 1-3-1994 and later used to manufacture the notified finished products, because the notification granting credit covered raw materials or component parts already paid with duty and did not exclude stock on the effective date; the later amendment was treated as clarificatory. A separate demand could not be sustained without the show cause notice required under Rule 56A(5), but that defect was secondary because the substantive credit entitlement was upheld. The Revenue appeals therefore failed and allowance of credit was affirmed. 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 Proforma credit under Rule 56A was held admissible on duty-paid inputs lying in stock on 1-3-1994 and later used to manufacture the notified finished products, because the notification granting credit covered raw materials or component parts already paid with duty and did not exclude stock on the effective date; the later amendment was treated as clarificatory. A separate demand could not be sustained without the show cause notice required under Rule 56A(5), but that defect was secondary because the substantive credit entitlement was upheld. The Revenue appeals therefore failed and allowance of credit was affirmed. Case-Laws Central Excise Tue, 03 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108514