https://www.taxtmi.com/caselaws?id=117353 Transitional CENVAT credit under the amended scheme was confined to credit actually earned under the earlier Modvat rules and left unutilised on 1-4-2000. Glass bottles and plastic crates lying in stock on 31-3-2000 did not qualify where no credit had accrued on those goods before the appointed date. Their later issue for use after 1-4-2000 did not create a right to credit under the new regime. The denial of credit was therefore sustained, confirming that mere stock position on the changeover date is insufficient without pre-existing earned credit. en-us Tue, 27 Dec 2005 00:00:00 +0530 Fri, 22 Jun 2012 10:25:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117353 Transitional CENVAT credit under the amended scheme was confined to credit actually earned under the earlier Modvat rules and left unutilised on 1-4-2000. Glass bottles and plastic crates lying in stock on 31-3-2000 did not qualify where no credit had accrued on those goods before the appointed date. Their later issue for use after 1-4-2000 did not create a right to credit under the new regime. The denial of credit was therefore sustained, confirming that mere stock position on the changeover date is insufficient without pre-existing earned credit. Case-Laws Central Excise Tue, 27 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117353