https://www.taxtmi.com/caselaws?id=34597 Modvat credit was admissible on gate passes issued before 1.4.1994 and credited on or before 30.6.1994, even where endorsement was made after 1.4.1994. The Court construed Notification No. 16/94-CE(NT) according to its plain language and held that it required only prior issue of the gate pass and timely availment of credit; no further condition of pre-1.4.1994 endorsement could be implied. The notification had to be read as written, and the assessee was therefore entitled to credit on endorsed gate passes issued before the cutoff date. en-us Wed, 15 Jul 2009 00:00:00 +0530 Mon, 21 Sep 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34597 Modvat credit was admissible on gate passes issued before 1.4.1994 and credited on or before 30.6.1994, even where endorsement was made after 1.4.1994. The Court construed Notification No. 16/94-CE(NT) according to its plain language and held that it required only prior issue of the gate pass and timely availment of credit; no further condition of pre-1.4.1994 endorsement could be implied. The notification had to be read as written, and the assessee was therefore entitled to credit on endorsed gate passes issued before the cutoff date. Case-Laws Central Excise Wed, 15 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34597