https://www.taxtmi.com/caselaws?id=125165 Amended Rule 9A of the CENVAT Credit Rules, 2002, read with Notification No. 40/2003-C.E. (N.T.) and the Board circular dated 30-4-2003, allowed one-time Cenvat credit on inputs lying in stock as on 1-4-2003. The operative test was the existence of stock on the relevant transitional date, not the date on which the supplier or trader dispatched the goods. The objection that the fabrics were not duty paid when removed from the supplier's premises was also unsupported by material. On that construction, the credit was admissible and could be retained. en-us Thu, 12 Mar 2009 00:00:00 +0530 Sat, 09 Feb 2013 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125165 Amended Rule 9A of the CENVAT Credit Rules, 2002, read with Notification No. 40/2003-C.E. (N.T.) and the Board circular dated 30-4-2003, allowed one-time Cenvat credit on inputs lying in stock as on 1-4-2003. The operative test was the existence of stock on the relevant transitional date, not the date on which the supplier or trader dispatched the goods. The objection that the fabrics were not duty paid when removed from the supplier's premises was also unsupported by material. On that construction, the credit was admissible and could be retained. Case-Laws Central Excise Thu, 12 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125165