AI Drafter 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
Home / 
CENVAT Credit on Denatured Spirit: Assessee Retains Earned Credit; Rule 6 Cannot Apply Retroactively.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Credit taken on denatured spirit - CENVAT Credit which was already accumulated in favour of the assessee at the time when the Rules,2002 were brought into force. - CENVAT Credit which was already earned by the assessee, could not have been taken away if the rigors of Rule 6 would be having only prospective effect - SC....