Proviso to Rule 4(1) of CENVAT Credit Rules, 2004 has prospective effect

ITC Sonar (A Unit of ITC Limited) Vs Commissioner of CGST & CX (CESTAT Kolkata)

The only issue to be decided in this Appeal is whether the 3^rd Proviso of Rule 4(1) of CENVAT Credit Rules, 2004 as introduced w.e.f. 01.09.2014, has got retrospective effect. I find that the said proviso was introduced w.e.f. 01.09.2014 and there is no stipulation in the amending Notification

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