https://www.taxtmi.com/caselaws?id=432401 Retrospective amendment of Rule 3(6) of the Cenvat Credit Rules, 2002 and Section 88(3) of the Finance Act (No. 2), 2004 was considered in relation to accumulated AED(GSI) credit and its cross-utilisation for duty payment on tyres. The dispute was treated as covered by binding precedent in CEAT Ltd., where similar proceedings had been dropped on identical facts, and the Tribunal's view was found consistent with that precedent. As the disputed credit had been re-credited, no legal infirmity was found in accepting the assessee's position, and the demand was held not to survive; the questions of law were answered in favour of the assessee. en-us Fri, 02 Dec 2022 00:00:00 +0530 Thu, 05 Jan 2023 08:25:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432401 Retrospective amendment of Rule 3(6) of the Cenvat Credit Rules, 2002 and Section 88(3) of the Finance Act (No. 2), 2004 was considered in relation to accumulated AED(GSI) credit and its cross-utilisation for duty payment on tyres. The dispute was treated as covered by binding precedent in CEAT Ltd., where similar proceedings had been dropped on identical facts, and the Tribunal's view was found consistent with that precedent. As the disputed credit had been re-credited, no legal infirmity was found in accepting the assessee's position, and the demand was held not to survive; the questions of law were answered in favour of the assessee. Case-Laws Central Excise Fri, 02 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432401