2008 (9) TMI 384

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..... -10-79? - Held that: - Rule 56-A, as it stood at the relevant time, did not contain any provision which would indicate that the revenue had the right to ask the assessee to repay the amount of credit which had already been claimed under the earlier notification. It is well-settled law that all notifications which may affect the rights of the parties are treated to be prospective in nature unless t .....

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..... ma credit under Rule 56-A of the Central Excise Rules, as it existed at the relevant time, on the aluminium ingots. 3. With effect from 4th October, 1979, the benefit of proforma credit was withdrawn in respect of aluminium ingots, vide Notification No. 269/79, dated 4th October, 1979. The Department directed the assessee to reverse the credit which it had already taken in respect of the stock o .....

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..... be recalled without there being a specific provision in this behalf. 4. Rule 56-A, as it stood at the relevant time, did not contain any provision which would indicate that the revenue had the right to ask the assessee to repay the amount of credit which had already been claimed under the earlier notification. It is well-settled law that all notifications which may affect the rights of the parti .....

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