9911796707
TMI Blog2024 (7) TMI 991X X X X Extracts X X X X X X X X Extracts X X X X ..... Vyas, Addl. G.P. a/w Mr. M.M. Pable, AGP. For the Respondent no. 3-UOI : Mr. Sagar S. Ambedkar. P.C. : 1. Petitioner is engaged in the business of manufacturing of specialty chemicals at its factory in Tarapur. The Directorate General of GST Intelligence (DGGI), Nagpur had initiated investigation against petitioner in 2017. Subsequent thereto, petitioner had also filed an application ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a sum of Rs. 1,06,53,97,454/- has been blocked. 4. Petitioner approached this Court by way of this petition and has sought various reliefs, the primary relief being to quash and set aside the action of respondents of blocking available ITC. 5. Mr. Shah submitted that even assuming for sake of argument, it is assumed that what respondents did was not correct, still under Rule 86A (3) of the Cent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t to such credit in electronic credit ledger for discharge of any liability under Section 49 or for claim of any refund of any unutilised amount. Sub-rule (3) of Rule 86A provides that such restriction shall cease to have effect after the expiry of a period of one year from the date of imposing such restriction. The restriction was imposed on 23rd November 2022 and one year period expired on or ab ..... X X X X Extracts X X X X X X X X Extracts X X X X
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