https://www.taxtmi.com/caselaws?id=54552 Capital goods credit on spares, components and accessories of machines under Heading 84.74 was examined in relation to Notification No. 25/96-C.E. (N.T.) and Rule 57Q. The Tribunal applied the settled principle that a statutory amendment operates prospectively unless retrospective effect is expressly or impliedly provided, and held that the notification gave no indication of retrospective operation. It also noted that the earlier Tribunal decision relied on below did not lay down a clear ratio on retrospectivity. Accordingly, the amendment adding Heading 84.74 by substitution could not be applied to goods received before the notification took effect, and credit was held inadmissible for that earlier period. en-us Thu, 01 Sep 2005 00:00:00 +0530 Wed, 20 Oct 2010 17:10:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54552 Capital goods credit on spares, components and accessories of machines under Heading 84.74 was examined in relation to Notification No. 25/96-C.E. (N.T.) and Rule 57Q. The Tribunal applied the settled principle that a statutory amendment operates prospectively unless retrospective effect is expressly or impliedly provided, and held that the notification gave no indication of retrospective operation. It also noted that the earlier Tribunal decision relied on below did not lay down a clear ratio on retrospectivity. Accordingly, the amendment adding Heading 84.74 by substitution could not be applied to goods received before the notification took effect, and credit was held inadmissible for that earlier period. Case-Laws Central Excise Thu, 01 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54552