https://www.taxtmi.com/caselaws?id=269905 Modvat credit under rule 57Q remained available for capital goods received and recorded in the factory before 16.03.1995, because the amendment by Notification No. 11/95-C.E. (N.T.) did not create a new exclusion for goods already eligible under the pre-amendment rule. The amended explanation was read as excluding only capital goods that were otherwise not creditable under any prior rule or notification. On that plain construction, later specification of chapter headings did not retrospectively remove entitlement. The limitation argument was also not a basis for interference, and the Tribunal's allowance of credit was sustained. en-us Wed, 28 Oct 2015 00:00:00 +0530 Wed, 23 Aug 2017 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269905 Modvat credit under rule 57Q remained available for capital goods received and recorded in the factory before 16.03.1995, because the amendment by Notification No. 11/95-C.E. (N.T.) did not create a new exclusion for goods already eligible under the pre-amendment rule. The amended explanation was read as excluding only capital goods that were otherwise not creditable under any prior rule or notification. On that plain construction, later specification of chapter headings did not retrospectively remove entitlement. The limitation argument was also not a basis for interference, and the Tribunal's allowance of credit was sustained. Case-Laws Central Excise Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269905