https://www.taxtmi.com/caselaws?id=53189 Cenvat credit on inputs in stock as on 1-4-2000 was governed by the then-applicable credit scheme and Notification No. 29/2000-C.E. (N.T.). The notification was read as allowing deemed credit at 12% of the invoice price, without limiting entitlement to the actual duty reflected in the documents. The contemporaneous circular was treated as consistent with credit on stock held on 1-4-2000, provided duty-paying documents were available. On that construction, actual duty-paid credit alone could not be imposed in place of the deemed credit mechanism. en-us Thu, 18 Mar 2004 00:00:00 +0530 Mon, 11 Oct 2010 14:22:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53189 Cenvat credit on inputs in stock as on 1-4-2000 was governed by the then-applicable credit scheme and Notification No. 29/2000-C.E. (N.T.). The notification was read as allowing deemed credit at 12% of the invoice price, without limiting entitlement to the actual duty reflected in the documents. The contemporaneous circular was treated as consistent with credit on stock held on 1-4-2000, provided duty-paying documents were available. On that construction, actual duty-paid credit alone could not be imposed in place of the deemed credit mechanism. Case-Laws Central Excise Thu, 18 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53189