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TMI BlogCenvat cases whether eligible under Legacy Dispute Resolution SchemeX X X X Extracts X X X X X X X X Extracts X X X X ..... Cenvat cases whether eligible under Legacy Dispute Resolution Scheme X X X X Extracts X X X X X X X X Extracts X X X X ..... Replies X X X X Extracts X X X X X X X X Extracts X X X X ..... elated matters. Question is whether Cenvat related matters are covered under LDRS? Reply By KASTURI SETHI: The Reply: Yes. Whatever demand has been confirmed, dues are to be paid in cash and no furt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... her ITC is allowed on the amount of duty/ST deposited. Further we have to wait for enactment. Reply By RAJAGOPAL OBBAI: The Reply: Where does it flow from regulation that Cenvat was part of excise d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uty to cover under LDRS? Reply By KASTURI SETHI: The Reply: The assessees take Cenvat Credit of Central Excise duty paid on inputs/capital goods and take credit of Service Tax paid on input services ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Duty paid through PLA and Cenvat Credit Account is at par. It has been held by CESTAT. The Department accepts it. What is most crucial is that threr must be correct PLA : CENVAT ratio. Value additio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n portion should come from PLA after adjusting credit on Capital Goods, Exported Goods/Services etc.
Duty paid character is same. Demand confirmed for reversal of credit is also demand of duty. X X X X Extracts X X X X X X X X Extracts X X X X ..... Discussion Forum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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