Forfeiture of amount deposited in the Escrow account - Since the ...

Escrow deposit forfeiture: Denied exemption benefit, payment accepted as credit, refund due for challan deposit.

January 14, 2020

Case Laws Central Excise AT

Forfeiture of amount deposited in the Escrow account - Since the benefit of exemption has been denied and the assessee has duly made the payment by utilization of credit as also accepted by the department, the payment of amount by challan has to be at best considered as ‘deposit’ which cannot be retained by the department and is liable to be refunded back.

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Forfeiture of amount deposited in the Escrow account - Since the ...

Escrow deposit forfeiture: Denied exemption benefit, payment accepted as credit, refund due for challan deposit.

January 14, 2020

Case Laws Central Excise AT

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