https://www.taxtmi.com/caselaws?id=123177 Transitional excise credit on inputs lying in stock when goods became excisable was examined under Rule 57AB(1A), which permits credit only where statutory conditions are satisfied. The plea that denial of credit caused discrimination between existing and new assessees was rejected because the rule itself did not support that distinction. On limitation, the demand was held within time because, in a return-based regime, the relevant date is the filing of the periodic return; the credit was taken in the January 2002 return and the notice issued on 31-1-2003 was therefore timely. Relief was denied and the appellate order was sustained. en-us Tue, 04 Dec 2007 00:00:00 +0530 Sat, 08 Sep 2012 13:32:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123177 Transitional excise credit on inputs lying in stock when goods became excisable was examined under Rule 57AB(1A), which permits credit only where statutory conditions are satisfied. The plea that denial of credit caused discrimination between existing and new assessees was rejected because the rule itself did not support that distinction. On limitation, the demand was held within time because, in a return-based regime, the relevant date is the filing of the periodic return; the credit was taken in the January 2002 return and the notice issued on 31-1-2003 was therefore timely. Relief was denied and the appellate order was sustained. Case-Laws Central Excise Tue, 04 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123177