https://www.taxtmi.com/caselaws?id=371954 The judgment clarified that Rule 3(5B) of the CENVAT Credit Rules is prospective and does not require reversal of credit on the opening balance. It outlined conditions necessitating credit reversal for slow-moving or non-moving goods, remanding the matter for verification of additional provisions made in subsequent periods. The appellant's challenge was partially allowed, emphasizing the need for specific assessments in later periods regarding credit reversal. en-us Mon, 10 Dec 2018 00:00:00 +0530 Sat, 15 Dec 2018 09:57:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371954 The judgment clarified that Rule 3(5B) of the CENVAT Credit Rules is prospective and does not require reversal of credit on the opening balance. It outlined conditions necessitating credit reversal for slow-moving or non-moving goods, remanding the matter for verification of additional provisions made in subsequent periods. The appellant's challenge was partially allowed, emphasizing the need for specific assessments in later periods regarding credit reversal. Case-Laws Central Excise Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371954