https://www.taxtmi.com/caselaws?id=117097 Modvat credit was considered admissible on inputs used in final products cleared without duty to a 100% export oriented unit, because the amendment to Rule 57C by Notification No. 4/92-C.E. (N.T.) was treated as clarificatory and therefore retrospective. The dispute centred on whether the newly inserted exception for such clearances applied to earlier transactions. The Commissioner (Appeals) accepted retrospective operation of the amendment, and the Department's challenge was confined to that point. The result was that credit eligibility was upheld on the basis that the amendment operated retrospectively. en-us Mon, 12 Sep 2005 00:00:00 +0530 Wed, 20 Jun 2012 13:11:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117097 Modvat credit was considered admissible on inputs used in final products cleared without duty to a 100% export oriented unit, because the amendment to Rule 57C by Notification No. 4/92-C.E. (N.T.) was treated as clarificatory and therefore retrospective. The dispute centred on whether the newly inserted exception for such clearances applied to earlier transactions. The Commissioner (Appeals) accepted retrospective operation of the amendment, and the Department's challenge was confined to that point. The result was that credit eligibility was upheld on the basis that the amendment operated retrospectively. Case-Laws Central Excise Mon, 12 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117097