https://www.taxtmi.com/caselaws?id=792 Rule 56A proforma credit remained available for stock and inputs after repeal of the earlier exemption notification, because the assessee could either continue under Rule 56A or pay duty at the notified rate. Notification No. 70/94-CE did not exclude that credit; its express reference to Rule 56A indicated that the option continued during its currency. The assessee's claim related to inputs received by it, and the Commissioner (Appeals) correctly relied on the Supreme Court basis noted in Formica India Division. The Tribunal upheld the allowance of Rule 56A benefit and rejected the appeal. en-us Tue, 07 Feb 2006 00:00:00 +0530 Sun, 13 Apr 2008 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792 Rule 56A proforma credit remained available for stock and inputs after repeal of the earlier exemption notification, because the assessee could either continue under Rule 56A or pay duty at the notified rate. Notification No. 70/94-CE did not exclude that credit; its express reference to Rule 56A indicated that the option continued during its currency. The assessee's claim related to inputs received by it, and the Commissioner (Appeals) correctly relied on the Supreme Court basis noted in Formica India Division. The Tribunal upheld the allowance of Rule 56A benefit and rejected the appeal. Case-Laws Central Excise Tue, 07 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792