https://www.taxtmi.com/caselaws?id=35440 Credit of additional excise duty availed before 1-4-2000 could not be utilised towards payment of basic excise duty after the retrospective amendment to the credit rule. The amendment, made on 10-9-2004 with retrospective effect, expressly barred use of such pre-1-4-2000 credit for basic excise duty, and the admitted utilisation in 2003 was therefore impermissible. The CESTAT held the amended restriction to be effective against the assessee and upheld the Revenue's position. en-us Mon, 16 Mar 2009 00:00:00 +0530 Sat, 06 Mar 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35440 Credit of additional excise duty availed before 1-4-2000 could not be utilised towards payment of basic excise duty after the retrospective amendment to the credit rule. The amendment, made on 10-9-2004 with retrospective effect, expressly barred use of such pre-1-4-2000 credit for basic excise duty, and the admitted utilisation in 2003 was therefore impermissible. The CESTAT held the amended restriction to be effective against the assessee and upheld the Revenue's position. Case-Laws Central Excise Mon, 16 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35440