TMI BlogRefund - rebuttal of presumption - the word “buyer” in clause (e) to proviso to Section 11B(2) of the...Refund - rebuttal of presumption - the word “buyer” in clause (e) to proviso to Section 11B(2) of the Act cannot be restricted to the first buyer from the manufacturer. - the assessee paid additional duty of excise and had passed on the incidence of duty to its customers at the time of issue invoices/gate passes. Therefore, the subsequent issuance of credit note is of little avail as the incidence for the excise duty is deemed to have been passed on by the assessee to its buyer and therefore not..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
