https://www.taxtmi.com/caselaws?id=418868 Finished goods cleared from the factory before 31 March 2003 and stored in a port-side godown did not qualify as goods "lying in stock" for transitional Cenvat credit under Rule 9-A of the Cenvat Credit Rules, 2002. The rule applied only to inputs or finished products actually in stock, in process, or contained in finished products on the relevant date, subject to the prescribed declaration and documentary requirements. Because the goods had already been removed from the factory stock account and cleared on commercial invoices, mere continued custody at the port did not satisfy the statutory condition. Transitional credit was therefore not available. en-us Thu, 24 Feb 2022 00:00:00 +0530 Mon, 10 Oct 2022 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418868 Finished goods cleared from the factory before 31 March 2003 and stored in a port-side godown did not qualify as goods "lying in stock" for transitional Cenvat credit under Rule 9-A of the Cenvat Credit Rules, 2002. The rule applied only to inputs or finished products actually in stock, in process, or contained in finished products on the relevant date, subject to the prescribed declaration and documentary requirements. Because the goods had already been removed from the factory stock account and cleared on commercial invoices, mere continued custody at the port did not satisfy the statutory condition. Transitional credit was therefore not available. Case-Laws Central Excise Thu, 24 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418868