https://www.taxtmi.com/caselaws?id=123132 A retrospective amendment to Rule 16, read with the Board circular, regularised credit taken on inputs used in wire drawing and its utilisation for duty on drawn wire. The clarification showed that wire drawing units which had availed input credit and paid duty on the drawn wire were intended to be covered by the amendment. On that basis, credit on wire rods used in wire drawing activity was admissible, and the demand could not be sustained. en-us Tue, 04 Dec 2007 00:00:00 +0530 Tue, 19 Sep 2017 09:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123132 A retrospective amendment to Rule 16, read with the Board circular, regularised credit taken on inputs used in wire drawing and its utilisation for duty on drawn wire. The clarification showed that wire drawing units which had availed input credit and paid duty on the drawn wire were intended to be covered by the amendment. On that basis, credit on wire rods used in wire drawing activity was admissible, and the demand could not be sustained. Case-Laws Central Excise Tue, 04 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123132