Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

THE PRINCIPAL COMMISSIONER CENTRAL EXCISE, AHMEDABAD-I Versus M/s. SYNPOL PRODUCTS PVT. LTD

2016 (2) TMI 21 - GUJARAT HIGH COURT

Extended period of limitation - Cenvat Credit - clearance of inputs as such - bonafide error in not reversing the credit as per Rule 3(5) of CCR - Held that:- It was noticed that the assessee had under bona-fide belief not reversed the CENVAT credit .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

und that the situation was of revenue neutrality without full discussion on the issue. - Decided against the revenue. - TAX APPEAL NO. 66 of 2016 - Dated:- 28-1-2016 - MR. AKIL KURESHI AND MR. MOHINDER PAL, JJ. FOR THE APPELLANT : MS SEJAL K MANDAVIA .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ther the CESTAT is justified in giving the benefit of Cenvat credit to the respondent which is clear violation of Rule 3(5) of the Cenvat Credit Rules, 2004? (ii) Whether the Tribunal is justified in allowing the respondent to clear the inputs as suc .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ouse without payment of duty? (iii)Whether, Tribunal is justified in holding that the appellant cannot invoke the extended period of limitation under proviso of Section 11A of the Act even though the case of Mafatlal Industries Ltd., which is relied .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nt of duty as such to an EOU and at the same time retain the CENVAT taken without reversing it ? 2. Upon perusal of the impugned judgment of the Tribunal with the assistance of the learned counsel for the revenue, we notice that the main question inv .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e had under bona-fide belief not reversed the credit on clearance of goods. Such situation was clarified only by virtue of the decision of Larger Bench of the Tribunal in case of Lakshmi Automatic Loom Works Ltd. V/s. CCE Trichy which was decided on .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

on decision of this Court in case of CCE & C. V/s. Mafatlal Industry reported in 256 ELT 536 and against such judgment, the Department has preferred an appeal and we are told that SLP has been granted and appeals are pending. However, this is not .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version