https://www.taxtmi.com/article/detailed?id=5975 Board circulars have prospective effect only and cannot be applied retrospectively to deny rebate claims; a post-event circular cannot, by itself, overturn earlier departmental acceptance of duty on the final product. Where duty on the final product has been accepted, reversal of Cenvat credit or rebate denial based solely on a subsequent administrative clarification is not appropriate; administrative clarifications ordinarily do not alter rights or liabilities arising before their issuance. en-us Sat, 27 Dec 2014 07:44:13 +0530 Sat, 27 Dec 2014 07:44:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5975 Board circulars have prospective effect only and cannot be applied retrospectively to deny rebate claims; a post-event circular cannot, by itself, overturn earlier departmental acceptance of duty on the final product. Where duty on the final product has been accepted, reversal of Cenvat credit or rebate denial based solely on a subsequent administrative clarification is not appropriate; administrative clarifications ordinarily do not alter rights or liabilities arising before their issuance. Articles Central Excise Sat, 27 Dec 2014 07:44:13 +0530 https://www.taxtmi.com/article/detailed?id=5975