https://www.taxtmi.com/caselaws?id=363396 The amendment to Rule 2(k) of the Cenvat Credit Rules, 2004 excluding cement, steel and similar construction materials from the definition of inputs was held to operate prospectively because the amending notification did not show any clear legislative intent to apply retrospectively. As a result, Cenvat credit taken before 07.07.2009 on goods used for construction of factory sheds, buildings, foundations and related support structures remained admissible. The Tribunal rejected the Revenue's contention that the amendment was merely clarificatory and therefore could be used to deny credit for the earlier period. en-us Tue, 10 Jul 2018 00:00:00 +0530 Sat, 21 Jul 2018 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363396 The amendment to Rule 2(k) of the Cenvat Credit Rules, 2004 excluding cement, steel and similar construction materials from the definition of inputs was held to operate prospectively because the amending notification did not show any clear legislative intent to apply retrospectively. As a result, Cenvat credit taken before 07.07.2009 on goods used for construction of factory sheds, buildings, foundations and related support structures remained admissible. The Tribunal rejected the Revenue's contention that the amendment was merely clarificatory and therefore could be used to deny credit for the earlier period. Case-Laws Service Tax Tue, 10 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363396