https://www.taxtmi.com/caselaws?id=54094 A notification restricting utilisation of Cenvat credit was applied prospectively and could not curtail credit lawfully accumulated before its commencement. Credit earned before 18-8-2000 remained available for duty payment on clearances made after that date, because the notification did not clearly indicate an intention to take away accrued entitlement. The assessees' use of the pre-existing credit was therefore valid, and the Revenue's challenge failed. en-us Thu, 31 Mar 2005 00:00:00 +0530 Mon, 18 Oct 2010 10:05:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54094 A notification restricting utilisation of Cenvat credit was applied prospectively and could not curtail credit lawfully accumulated before its commencement. Credit earned before 18-8-2000 remained available for duty payment on clearances made after that date, because the notification did not clearly indicate an intention to take away accrued entitlement. The assessees' use of the pre-existing credit was therefore valid, and the Revenue's challenge failed. Case-Laws Central Excise Thu, 31 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54094