2024 (9) TMI 460 - SCH - Central Excise

Maintainability of petition - low amount involved in the appeal - Utilisation of CENVAT credit amounting towards payment of BED and SED on the final products - Rule 3 (7)(b) of the CENVAT Credit Rules, 2004 - HELD THAT - In view of the latest circular of the Ministry of Finance, Government of India dated 06.08.2024, this special leave petition is dismissed owing to the fact that the subject matter of the dispute is less than Rs. 5 Crore, keeping open the question of law, if any, which arises in this matter. Application disposed off.

Summary

The Supreme Court dismissed the special leave petition as the dispute amount was less than Rs. 5 Crore, based on a circular from the Ministry of Finance. The Court kept open any questions of law arising in the matter, and pending applications were disposed of.