https://www.taxtmi.com/caselaws?id=251041 A retrospective amendment to Rule 16 of the Central Excise Rules, 2002, read with the clarificatory circular issued under the Taxation Laws (Amendment) Act, 2006, was treated as regularising credit taken on wire rods used in converting wires. The Tribunal view was that the amendment and clarification covered credit availed at the input stage in the relevant excise process, so there was no basis to disturb the Commissioner (Appeals)' order. On that reasoning, the demand was not restored and the Revenue's challenge failed. en-us Thu, 27 Mar 2014 00:00:00 +0530 Tue, 02 Sep 2014 09:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251041 A retrospective amendment to Rule 16 of the Central Excise Rules, 2002, read with the clarificatory circular issued under the Taxation Laws (Amendment) Act, 2006, was treated as regularising credit taken on wire rods used in converting wires. The Tribunal view was that the amendment and clarification covered credit availed at the input stage in the relevant excise process, so there was no basis to disturb the Commissioner (Appeals)' order. On that reasoning, the demand was not restored and the Revenue's challenge failed. Case-Laws Central Excise Thu, 27 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251041