https://www.taxtmi.com/caselaws?id=339137 The amendment to Rule 11(3) of the CENVAT Credit Rules, 2004, inserted by Notification No. 10/2007-Central Excise (N.T.) with effect from 01.03.2007, was treated as prospective only and not retrospectively applicable to inputs received before that date. As a result, CENVAT credit attributable to the pre-amendment period could not be denied merely by applying the amended requirement backward. The dispute nevertheless required factual verification of whether the relevant inputs had been procured and utilised before or after 01.03.2007, so the credit liability depended on those findings. en-us Mon, 13 Feb 2017 00:00:00 +0530 Mon, 20 Feb 2017 00:41:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339137 The amendment to Rule 11(3) of the CENVAT Credit Rules, 2004, inserted by Notification No. 10/2007-Central Excise (N.T.) with effect from 01.03.2007, was treated as prospective only and not retrospectively applicable to inputs received before that date. As a result, CENVAT credit attributable to the pre-amendment period could not be denied merely by applying the amended requirement backward. The dispute nevertheless required factual verification of whether the relevant inputs had been procured and utilised before or after 01.03.2007, so the credit liability depended on those findings. Case-Laws Central Excise Mon, 13 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339137