https://www.taxtmi.com/caselaws?id=118844 A restrictive reading of the transitional Cenvat provisions was rejected because it would defeat the broader credit scheme. In the context of withdrawal of Notification No. 10/2002-C.E. and Rule 3(2) of the Cenvat Credit Rules, 2002, the appellants showed a prima facie entitlement to credit on inputs lying in stock, in process, and contained in finished goods after moving from concessional duty to higher duty. On that basis, and noting partial payment already made, the balance pre-deposit of duty and penalty was waived and recovery was stayed pending disposal of the appeals. en-us Tue, 27 Sep 2005 00:00:00 +0530 Fri, 06 Jul 2012 12:26:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118844 A restrictive reading of the transitional Cenvat provisions was rejected because it would defeat the broader credit scheme. In the context of withdrawal of Notification No. 10/2002-C.E. and Rule 3(2) of the Cenvat Credit Rules, 2002, the appellants showed a prima facie entitlement to credit on inputs lying in stock, in process, and contained in finished goods after moving from concessional duty to higher duty. On that basis, and noting partial payment already made, the balance pre-deposit of duty and penalty was waived and recovery was stayed pending disposal of the appeals. Case-Laws Central Excise Tue, 27 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118844