https://www.taxtmi.com/caselaws?id=48156 The High Court dismissed the appeal, finding no substantial question of law present. The decision was based on the interpretation of Rule 57AC of the Central Excise Rules, as clarified by a Supreme Court judgment. The Court held that the rule does not apply retroactively to goods manufactured before a specific date, where credit had been availed for further manufacturing purposes. Therefore, once credit is availed and reversed, the assessee is considered as not having availed the credit. en-us Wed, 21 Mar 2007 00:00:00 +0530 Tue, 03 Aug 2010 10:10:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48156 The High Court dismissed the appeal, finding no substantial question of law present. The decision was based on the interpretation of Rule 57AC of the Central Excise Rules, as clarified by a Supreme Court judgment. The Court held that the rule does not apply retroactively to goods manufactured before a specific date, where credit had been availed for further manufacturing purposes. Therefore, once credit is availed and reversed, the assessee is considered as not having availed the credit. Case-Laws Central Excise Wed, 21 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48156