https://www.taxtmi.com/caselaws?id=361959 Cenvat credit could not be denied merely because the entry was made after 1.3.2001 when the eligible inputs had been received and the right to credit had already accrued before that date. The inputs were received in January and February 2001, duly recorded in the input registers, and the delay was only in making the RG-23A Part-II entry. The amendment to Rule 57AB from 1.3.2001 was directed to inputs received on or after that date and did not extinguish an accrued entitlement absent clear retrospective intent. The credit demand and penalty were therefore set aside, and the appeal succeeded with consequential relief. en-us Thu, 14 Jun 2018 00:00:00 +0530 Mon, 18 Jun 2018 08:10:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361959 Cenvat credit could not be denied merely because the entry was made after 1.3.2001 when the eligible inputs had been received and the right to credit had already accrued before that date. The inputs were received in January and February 2001, duly recorded in the input registers, and the delay was only in making the RG-23A Part-II entry. The amendment to Rule 57AB from 1.3.2001 was directed to inputs received on or after that date and did not extinguish an accrued entitlement absent clear retrospective intent. The credit demand and penalty were therefore set aside, and the appeal succeeded with consequential relief. Case-Laws Central Excise Thu, 14 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361959