https://www.taxtmi.com/caselaws?id=368925 Accumulated AED (GSI) Cenvat credit taken on inputs and later used for payment of basic excise duty was treated as validly earned where the credit had been taken on proper duty-paying documents and the subsequent amendment to Rule 3(6) of the Cenvat Credit Rules, 2002 permitted utilisation. The retrospective changes under Section 88 of the Finance Act, 2004 and the recovery mechanism under Section 125 of the Finance Act, 2005 were not applied to defeat that already-accrued entitlement, particularly since prior proceedings on the same issue had attained finality in favour of the assessee. The demand for recovery was therefore held unsustainable and the credit was directed to be restored. en-us Tue, 25 Sep 2018 00:00:00 +0530 Wed, 17 Oct 2018 07:41:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368925 Accumulated AED (GSI) Cenvat credit taken on inputs and later used for payment of basic excise duty was treated as validly earned where the credit had been taken on proper duty-paying documents and the subsequent amendment to Rule 3(6) of the Cenvat Credit Rules, 2002 permitted utilisation. The retrospective changes under Section 88 of the Finance Act, 2004 and the recovery mechanism under Section 125 of the Finance Act, 2005 were not applied to defeat that already-accrued entitlement, particularly since prior proceedings on the same issue had attained finality in favour of the assessee. The demand for recovery was therefore held unsustainable and the credit was directed to be restored. Case-Laws Central Excise Tue, 25 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368925