https://www.taxtmi.com/caselaws?id=43689 Existence of an alternate remedy did not justify rejecting the petition when it had already been admitted and the appeal period had expired during its pendency. Rule 57H of the Central Excise Rules, 1944 was construed as having two distinct limbs: one covering inputs in stock or received after declaration, and another covering inputs used in the manufacture of final products cleared on or after 1-3-1987. Credit could not be confined to stock inputs alone, as that would nullify the second limb. Transitional MODVAT credit was therefore admissible for qualifying inputs used in cleared goods, subject to verification from departmental and manufacturer records. en-us Sat, 30 Oct 1993 00:00:00 +0530 Sat, 19 Jun 2010 14:01:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43689 Existence of an alternate remedy did not justify rejecting the petition when it had already been admitted and the appeal period had expired during its pendency. Rule 57H of the Central Excise Rules, 1944 was construed as having two distinct limbs: one covering inputs in stock or received after declaration, and another covering inputs used in the manufacture of final products cleared on or after 1-3-1987. Credit could not be confined to stock inputs alone, as that would nullify the second limb. Transitional MODVAT credit was therefore admissible for qualifying inputs used in cleared goods, subject to verification from departmental and manufacturer records. Case-Laws Central Excise Sat, 30 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43689