https://www.taxtmi.com/caselaws?id=216257 The High Court upheld the Tribunal's decision in favor of the assessee, emphasizing the correct application of modvat credit rules, procedural compliance in naphtha clearance, and the retrospective effect of Section 57CCC. The judgment dismissed the revenue's appeal, affirming that the assessee was not liable to pay duty on naphtha due to the pro rata reversal of credit equating to non-taking of credit. en-us Tue, 12 Apr 2011 00:00:00 +0530 Mon, 03 Jun 2013 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216257 The High Court upheld the Tribunal's decision in favor of the assessee, emphasizing the correct application of modvat credit rules, procedural compliance in naphtha clearance, and the retrospective effect of Section 57CCC. The judgment dismissed the revenue's appeal, affirming that the assessee was not liable to pay duty on naphtha due to the pro rata reversal of credit equating to non-taking of credit. Case-Laws Central Excise Tue, 12 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216257