https://www.taxtmi.com/caselaws?id=33623 A transitional credit provision preserved the dealer's entitlement to credit for the period after the Proforma Credit Scheme was withdrawn and before the Modvat Credit Scheme fully applied, because the substantive credit available under both schemes was the same. The Tribunal's view that Rule 57H(1) of the Central Excise Rules, 1944 protected the intervening claim was upheld, and the dealer's credit entitlement for the relevant period was maintained. The revenue's challenge failed, as the substitution of one credit scheme for another did not defeat an otherwise identical substantive credit right. en-us Thu, 29 Jan 2009 00:00:00 +0530 Sat, 30 May 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33623 A transitional credit provision preserved the dealer's entitlement to credit for the period after the Proforma Credit Scheme was withdrawn and before the Modvat Credit Scheme fully applied, because the substantive credit available under both schemes was the same. The Tribunal's view that Rule 57H(1) of the Central Excise Rules, 1944 protected the intervening claim was upheld, and the dealer's credit entitlement for the relevant period was maintained. The revenue's challenge failed, as the substitution of one credit scheme for another did not defeat an otherwise identical substantive credit right. Case-Laws Central Excise Thu, 29 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33623