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Central Excise - Highlights / Catch Notes

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Deemed Cenvat Credit after withdrawal of Notifiation - a right, ...


High Court Rules Deemed Cenvat Credit Rights Cannot Be Retrospectively Revoked Without Clear Statutory Language.

April 9, 2013

Case Laws     Central Excise     HC

Deemed Cenvat Credit after withdrawal of Notifiation - a right, which is acquired as a result of a statutory provision, cannot be taken away retrospectively unless the statutory provision so provides or by necessary implication it has the same effect. - HC

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