https://www.taxtmi.com/caselaws?id=286147 Rule 57-O of the Central Excise Rules, 1944 makes filing a declaration and obtaining a dated acknowledgment a statutory condition for availing money credit on inputs. The rule is construed as operating prospectively, so credit is linked to prior intimation of the intended final products and inputs and compliance with the prescribed procedure before receipt of inputs. On that reading, money credit is not admissible for inputs received before the declaration is filed and acknowledged; the benefit applies only after procedural compliance, and the answer is against the assessee. en-us Tue, 05 Feb 2019 00:00:00 +0530 Fri, 14 Feb 2020 09:56:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286147 Rule 57-O of the Central Excise Rules, 1944 makes filing a declaration and obtaining a dated acknowledgment a statutory condition for availing money credit on inputs. The rule is construed as operating prospectively, so credit is linked to prior intimation of the intended final products and inputs and compliance with the prescribed procedure before receipt of inputs. On that reading, money credit is not admissible for inputs received before the declaration is filed and acknowledged; the benefit applies only after procedural compliance, and the answer is against the assessee. Case-Laws Central Excise Tue, 05 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286147