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2021 (2) TMI 201 - HC - Central ExcisePermission for withdrawal of appeal - monetary limit involved in the appeal - Waiver of penalty - Section 11AC of the Central Excise Act, 1944 - HELD THAT:- The Revenue seeks to withdraw the case on account of low tax effect in terms of the circular dated 22.8.2019 issued by the Central Board of Indirect Taxes and Customs. By the said Circular, the monetary limit for filing or pursuing any matter before the High Court has been increased to ₹ 1 Crore. It is further submitted that the tax effect in this case is less than the threshold limit. Appeal is dismissed on the ground of low tax effect and the substantial question of law raised is left open.
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