Lapse of CENVAT Credit - When the notification which prescribed ...

Case Laws Central Excise

January 8, 2022

Lapse of CENVAT Credit - When the notification which prescribed the nil rate of duty but bearing condition that no Cenvat credit should be availed whether Cenvat credit lying in balance after reversal on inputs, WIP and inputs contained finished goods, shall lapse in terms of Rule 11(3)? - There is a clear distinction between an absolute exemption and conditional exemption. Therefore, the contention of the adjudicating authority that since the exemption notification was issued under section 5A the appellant is otherwise required to pay balance credit is of no substance and has no basis - AT

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Lapse of CENVAT Credit - When the notification which prescribed ...

Case Laws Central Excise

January 8, 2022

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