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Central Excise - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

CENVAT credit - input procured for intended to be used in export ...


Manufacturer's Misuse of CENVAT Credit for Non-Export Use Raises Tax Concerns and Potential Exchequer Loss.

January 9, 2017

Case Laws     Central Excise     AT

CENVAT credit - input procured for intended to be used in export but actually used - a manufacturer who adopts the strategy of procurement for export, on the strength of interpretation as proposed by appellant, would be misusing this facility to deprive exchequer of taxes in excess of normal offset of credit on inputs - AT

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