https://www.taxtmi.com/caselaws?id=219780 The Tribunal set aside the decision denying credit for breakage of glass bottles during the manufacturing of aerated beverages, ruling in favor of the appellant. The circular relied upon by the Revenue was deemed prospective, not retrospective, and could not be applied to the disputed period. As the circular in effect during that time allowed for condonation of breakage up to 0.5%, the appellant was entitled to retain the credit. The outcome was based on the interpretation of the notification and the retrospective application of circulars affecting glass bottle breakage credit. en-us Tue, 01 May 2012 00:00:00 +0530 Mon, 06 May 2013 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219780 The Tribunal set aside the decision denying credit for breakage of glass bottles during the manufacturing of aerated beverages, ruling in favor of the appellant. The circular relied upon by the Revenue was deemed prospective, not retrospective, and could not be applied to the disputed period. As the circular in effect during that time allowed for condonation of breakage up to 0.5%, the appellant was entitled to retain the credit. The outcome was based on the interpretation of the notification and the retrospective application of circulars affecting glass bottle breakage credit. Case-Laws Central Excise Tue, 01 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219780