https://www.taxtmi.com/caselaws?id=53160 Vendors were entitled to Cenvat credit on car components cleared as such by the original importer after full reversal of the credit taken on import. The Tribunal treated the earlier removal of inputs as such as requiring restoration of the original position through reversal of the credit already availed, and found the pre-amendment text of Rule 57AB materially similar in effect to the earlier rule considered in prior decisions. The later substitution of the rule was not shown to be retrospective, so it could not be used to deny credit on the duty reflected in the importer's documents. The credit denial was therefore unsustainable. en-us Wed, 11 Feb 2004 00:00:00 +0530 Mon, 11 Oct 2010 13:02:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53160 Vendors were entitled to Cenvat credit on car components cleared as such by the original importer after full reversal of the credit taken on import. The Tribunal treated the earlier removal of inputs as such as requiring restoration of the original position through reversal of the credit already availed, and found the pre-amendment text of Rule 57AB materially similar in effect to the earlier rule considered in prior decisions. The later substitution of the rule was not shown to be retrospective, so it could not be used to deny credit on the duty reflected in the importer's documents. The credit denial was therefore unsustainable. Case-Laws Central Excise Wed, 11 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53160