https://www.taxtmi.com/caselaws?id=47977 The substantive right to Modvat credit arose under Rule 57A, while Rule 57E operated only as an adjustment mechanism when duty on inputs changed later. An amendment to Rule 57E was treated as procedural and clarificatory, not as a change that took away accrued credit entitlement. Because the Modvat scheme was intended to avoid duty on duty, the assessee remained entitled to credit for differential duty paid after receipt of inputs. The amendment was therefore not applied in a way that defeated that entitlement, and the credit claim was upheld. en-us Mon, 19 Mar 2007 00:00:00 +0530 Thu, 26 Sep 2024 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47977 The substantive right to Modvat credit arose under Rule 57A, while Rule 57E operated only as an adjustment mechanism when duty on inputs changed later. An amendment to Rule 57E was treated as procedural and clarificatory, not as a change that took away accrued credit entitlement. Because the Modvat scheme was intended to avoid duty on duty, the assessee remained entitled to credit for differential duty paid after receipt of inputs. The amendment was therefore not applied in a way that defeated that entitlement, and the credit claim was upheld. Case-Laws Central Excise Mon, 19 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47977