https://www.taxtmi.com/caselaws?id=123665 Credit restriction under Notification No. 14/98 dated 2 June 1998 applied only to inputs received in the factory on or after that cut-off date, as clarified by CBEC Circular No. 421/54/98-CX dated 10 September 1998. Where the inputs were received before 2 June 1998, the assessee was entitled to credit of the actual countervailing duty paid, and the later cash payment of duty did not attract the 95% limitation. The controlling date for the restriction was therefore the date of receipt of inputs, not the date of duty payment. en-us Thu, 24 Apr 2008 00:00:00 +0530 Wed, 19 Sep 2012 10:15:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123665 Credit restriction under Notification No. 14/98 dated 2 June 1998 applied only to inputs received in the factory on or after that cut-off date, as clarified by CBEC Circular No. 421/54/98-CX dated 10 September 1998. Where the inputs were received before 2 June 1998, the assessee was entitled to credit of the actual countervailing duty paid, and the later cash payment of duty did not attract the 95% limitation. The controlling date for the restriction was therefore the date of receipt of inputs, not the date of duty payment. Case-Laws Central Excise Thu, 24 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123665