https://www.taxtmi.com/caselaws?id=49919 The six-month restriction for taking Modvat credit introduced by Notification No. 28/95-C.E. (N.T.) was held not to apply retrospectively to credit already taken before the amendment came into force. The analysis followed earlier decisions treating the time limit in Rule 57G(2) of the Central Excise Rules, 1944 as prospective only, and noted that the limitation principle in Section 11A of the Central Excise Act, 1944 could not be imported into the Modvat rules to deny pre-existing credit. The operative effect was that denial of Modvat credit on the basis of the later notification was unsustainable. en-us Wed, 28 Jun 2000 00:00:00 +0530 Wed, 18 Aug 2010 14:09:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49919 The six-month restriction for taking Modvat credit introduced by Notification No. 28/95-C.E. (N.T.) was held not to apply retrospectively to credit already taken before the amendment came into force. The analysis followed earlier decisions treating the time limit in Rule 57G(2) of the Central Excise Rules, 1944 as prospective only, and noted that the limitation principle in Section 11A of the Central Excise Act, 1944 could not be imported into the Modvat rules to deny pre-existing credit. The operative effect was that denial of Modvat credit on the basis of the later notification was unsustainable. Case-Laws Central Excise Wed, 28 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49919