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Central Excise - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Credit taken on denatured spirit - CENVAT Credit which was ...


CENVAT Credit on Denatured Spirit: Assessee Retains Earned Credit; Rule 6 Cannot Apply Retroactively.

September 19, 2015

Case Laws     Central Excise     SC

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

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