https://www.taxtmi.com/caselaws?id=125556 Restriction on utilisation of credit under Notification No. 48/2000-C.E. (N.T.) was treated as prospective because it came into force only on 18 August 2000. The dispute concerned duty payments made before that date, and the earlier Tribunal view accepted that such utilisation remained permissible for pre-commencement transactions. Applying the settled rule that an amendment cannot govern completed transactions unless expressly retrospective, the restriction was held inapplicable to the payments in question, while the lower authorities' order was upheld and the appeal failed. en-us Wed, 27 May 2009 00:00:00 +0530 Fri, 26 Oct 2012 13:18:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125556 Restriction on utilisation of credit under Notification No. 48/2000-C.E. (N.T.) was treated as prospective because it came into force only on 18 August 2000. The dispute concerned duty payments made before that date, and the earlier Tribunal view accepted that such utilisation remained permissible for pre-commencement transactions. Applying the settled rule that an amendment cannot govern completed transactions unless expressly retrospective, the restriction was held inapplicable to the payments in question, while the lower authorities' order was upheld and the appeal failed. Case-Laws Central Excise Wed, 27 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125556