Benefit of CENVAT credit - credit earned in the subsequent ...

CENVAT Credit Misuse: Interest and Penalty Imposed for Using Future Credits to Pay Past Duties.

November 18, 2015

Case Laws Central Excise AT

Benefit of CENVAT credit - credit earned in the subsequent months cannot be used for payment of duty for the previous month - Such wrong utilization invites confirmation of interest which is also required to be considered as penal in nature. - With interest penalty of ₹ 10000 imposed - AT

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Benefit of CENVAT credit - credit earned in the subsequent ...

CENVAT Credit Misuse: Interest and Penalty Imposed for Using Future Credits to Pay Past Duties.

November 18, 2015

Case Laws Central Excise AT

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