Rule 21 Duty Remission and Cenvat Credit Reversal: Rule 3 Sub-rule 5(C) Not Retroactive in Central Excise Context.

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....Remission of duty under Rule 21 – Reversal of Cenvat Credit - There is nothing in this sub-rule 5 (C) of Rule 3, from which it can be concluded that it has retrospective effect - AT....