https://www.taxtmi.com/highlights?id=59790 CENVAT Credit - restrictions in using the cenvat credit for payment of duty for the clearances - Pursuant to quashing of Rule 8(3A) by the Hon’ble Gujarat High Court, Govt. have chosen to substitute Rule 8(3A) - As per Rules of interpretation, a procedural law is always deemed to be retrospective, unless the same is categorically or specifically made prospective. Thus, the substituted Rule 8(3A) will have retrospective effect, from the date Central Excise Rules, 2002 came into effect. - AT en-us Thu, 23 Sep 2021 11:38:53 +0530 Thu, 23 Sep 2021 11:38:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59790 CENVAT Credit - restrictions in using the cenvat credit for payment of duty for the clearances - Pursuant to quashing of Rule 8(3A) by the Hon’ble Gujarat High Court, Govt. have chosen to substitute Rule 8(3A) - As per Rules of interpretation, a procedural law is always deemed to be retrospective, unless the same is categorically or specifically made prospective. Thus, the substituted Rule 8(3A) will have retrospective effect, from the date Central Excise Rules, 2002 came into effect. - AT Highlights Central Excise Thu, 23 Sep 2021 11:38:53 +0530 https://www.taxtmi.com/highlights?id=59790