https://www.taxtmi.com/caselaws?id=209228 Retrospective amendment to Rule 16 of the Central Excise Rules regularised the position of wire drawing units for the relevant period by treating the amount paid as duty and permitting corresponding CENVAT credit treatment. The CBEC circular clarified that the amendment was intended to validate credit already taken at the input stage and duty payment on drawn wire, and not to impose any additional liability on units covered by the amendment. On that basis, the demand for reversal of credit on drawn wire was unsustainable and the confirmation orders were set aside in favour of the assessee. en-us Thu, 03 Feb 2011 00:00:00 +0530 Thu, 25 Jul 2013 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209228 Retrospective amendment to Rule 16 of the Central Excise Rules regularised the position of wire drawing units for the relevant period by treating the amount paid as duty and permitting corresponding CENVAT credit treatment. The CBEC circular clarified that the amendment was intended to validate credit already taken at the input stage and duty payment on drawn wire, and not to impose any additional liability on units covered by the amendment. On that basis, the demand for reversal of credit on drawn wire was unsustainable and the confirmation orders were set aside in favour of the assessee. Case-Laws Central Excise Thu, 03 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209228