Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

Sushila International Versus Commissioner of Central Excise, Thane-II

2018 (2) TMI 799 - CESTAT MUMBAI

Extended period of limitation - CENVAT credit - stocks at the time of surrender of their licence - Held that: - the appellant calculated the amount wrongly and reversed the lower amount. This very act of the appellant is amounting to mis-declaration .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

CS for appellant Shri.Chatru Singh, Asst. Comm. (AR), for respondent Per: Raju 1. This appeal has been filed by M/s.Sushila International against a demand of reversal of Cenvat Credit on the stocks at the time of surrender of their licence. 2. Ld. C .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

l Excise registration certificate on 11/07/2006. At the material time they did not correctly calculated the duty required to be paid/reversed on remaining quantity of yarn in stock on the date of surrender. From records the quantity available in the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nsel for the appellant argued that the Revenue was always aware of the quantity of raw materials at their stock at the time of surrender. He pointed out that they are not challenging the quantity calculated by the Revenue, as the same has been ascert .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

was issued only in May 2010. He argued that along with every return they were declaring the quantity of raw materials brought in their factory and therefore, recording quantity of material lying in stock was known to the Revenue at the time of surren .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

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

Go to Mobile Version