https://www.taxtmi.com/caselaws?id=362516 Transitional Modvat credit under Rule 57H(1) was available for duty-paid inputs lying in stock on the relevant date, where no credit had already been taken under another rule or notification and the prescribed declaration and records identified the duty element. On those facts, the denial of credit was based on an incorrect reading of the transitional provision. The credit was therefore allowed, and the admissible amount was directed to be refunded in cash with applicable interest. en-us Thu, 19 Apr 2018 00:00:00 +0530 Thu, 28 Jun 2018 10:39:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362516 Transitional Modvat credit under Rule 57H(1) was available for duty-paid inputs lying in stock on the relevant date, where no credit had already been taken under another rule or notification and the prescribed declaration and records identified the duty element. On those facts, the denial of credit was based on an incorrect reading of the transitional provision. The credit was therefore allowed, and the admissible amount was directed to be refunded in cash with applicable interest. Case-Laws Central Excise Thu, 19 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362516