https://www.taxtmi.com/caselaws?id=401 Rule 9A transitional Cenvat credit for textiles was confined to duty-paid inputs physically lying in stock, in process, or contained in finished goods as on 31-3-2003; credit was denied on input lost as process waste because it was not physically present in the stock. Recovery of wrongly taken credit was held within limitation under Rule 12 read with Section 11A, as the relevant date was treated as the actual filing date of the delayed April 2003 return, which the department accepted, making the 8-7-2004 notice timely. The Tribunal upheld liability in principle and remanded only for redetermination of quantum and penalty. en-us Mon, 06 Feb 2006 00:00:00 +0530 Sun, 13 Apr 2008 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401 Rule 9A transitional Cenvat credit for textiles was confined to duty-paid inputs physically lying in stock, in process, or contained in finished goods as on 31-3-2003; credit was denied on input lost as process waste because it was not physically present in the stock. Recovery of wrongly taken credit was held within limitation under Rule 12 read with Section 11A, as the relevant date was treated as the actual filing date of the delayed April 2003 return, which the department accepted, making the 8-7-2004 notice timely. The Tribunal upheld liability in principle and remanded only for redetermination of quantum and penalty. Case-Laws Central Excise Mon, 06 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401