https://www.taxtmi.com/caselaws?id=243886 The Tribunal upheld the Revenue's decision, confirming a demand of Rs. 33,10,612/- against the appellant for claiming Cenvat credit on equipment purchased before the notification of Cenvat Credit Rules, 2004. The Tribunal ruled that the new credit scheme applied only to duties paid on or after 10-09-2004, emphasizing that benefits should not be granted retrospectively contrary to legal provisions and government policies. The Tribunal distinguished the case from precedents cited by the appellant, stating that the rule in question did not involve clarifications to resolve doubts, leading to the rejection of the appeal. en-us Fri, 24 Jan 2014 00:00:00 +0530 Sat, 13 Sep 2014 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243886 The Tribunal upheld the Revenue's decision, confirming a demand of Rs. 33,10,612/- against the appellant for claiming Cenvat credit on equipment purchased before the notification of Cenvat Credit Rules, 2004. The Tribunal ruled that the new credit scheme applied only to duties paid on or after 10-09-2004, emphasizing that benefits should not be granted retrospectively contrary to legal provisions and government policies. The Tribunal distinguished the case from precedents cited by the appellant, stating that the rule in question did not involve clarifications to resolve doubts, leading to the rejection of the appeal. Case-Laws Service Tax Fri, 24 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243886