https://www.taxtmi.com/caselaws?id=121642 Retrospective amendment of Rule 16 of the Central Excise Rules, 2002 treated the amount paid by a wire drawing unit as duty, and the corresponding credit was therefore available to the buyer of drawn wire. The discussion concerned stainless steel wires received during June 2003 to November 2003, and the Board clarification supported allowing credit where duty had been paid by the wire drawing unit. On that basis, credit of the duty-paid amount was held admissible to the assessee, and the contrary view was found unsustainable. en-us Fri, 11 Aug 2006 00:00:00 +0530 Wed, 01 Aug 2012 12:21:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121642 Retrospective amendment of Rule 16 of the Central Excise Rules, 2002 treated the amount paid by a wire drawing unit as duty, and the corresponding credit was therefore available to the buyer of drawn wire. The discussion concerned stainless steel wires received during June 2003 to November 2003, and the Board clarification supported allowing credit where duty had been paid by the wire drawing unit. On that basis, credit of the duty-paid amount was held admissible to the assessee, and the contrary view was found unsustainable. Case-Laws Central Excise Fri, 11 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121642