CENVAT Credit Denied for Retroactive Use: Cannot Apply Future Credit to Settle Past Excise Duties Under Central Excise Rules.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Denial of CENVAT Credit - With effect from 18.08.2000 the appellants could not have utilised the Cenvat credit available for the subsequent period for payment of duty of the earlier period - AT....