https://www.taxtmi.com/caselaws?id=170560 Rule 57AC(2)(c) governed transitional CENVAT credit for capital goods received before 1 April 2000 but installed later, so entitlement had to be determined by the position on the date of receipt. The text states that the Supreme Court clarification supported availability of relief under Rule 57AC(2)(c), but did not permit a fresh 50% entitlement in the second year or a 100% credit approach. The total admissible credit remained 75% of duty at receipt, and the amount claimable in 2001-2002 was only the balance after credit already taken in the first year, with recomputation left to the original adjudicating authority. en-us Fri, 08 Oct 2010 00:00:00 +0530 Tue, 02 Jun 2015 13:15:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170560 Rule 57AC(2)(c) governed transitional CENVAT credit for capital goods received before 1 April 2000 but installed later, so entitlement had to be determined by the position on the date of receipt. The text states that the Supreme Court clarification supported availability of relief under Rule 57AC(2)(c), but did not permit a fresh 50% entitlement in the second year or a 100% credit approach. The total admissible credit remained 75% of duty at receipt, and the amount claimable in 2001-2002 was only the balance after credit already taken in the first year, with recomputation left to the original adjudicating authority. Case-Laws Central Excise Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170560