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Central Excise - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

CENVAT Credit - Job work - while the mould and dies were with ...


CENVAT Credit Case: Appellant Sold Moulds Without Transfer, Paid VAT, Profited from General Motors; Penalty Removed.

January 29, 2019

Case Laws     Central Excise     AT

CENVAT Credit - Job work - while the mould and dies were with the job worker, appellant sold it with adequate payment of VAT - Such a transfer with physical delivery of possession was not made but appellant had earned profit on sale of such mould and dyes in the guise of recovering the cost from General Motors. - Demand confirmed, but penalty set aside.

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