Denial of ITC under Axis Gold ETF due to resale rule violation within six months upheld by Tribunal: Rule 53 MVAT.

Input Tax Credit - Reduction in set off - Axis Gold ETF Scheme - denial of ITC as the goods purchased by the petitioner on which input tax credit is claimed are not resold within a period of six months from the date of purchase - Rule 53 of the MVAT Rules, 2005 - Order of Tribunal confirmed. .....

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