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Central Excise - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

The availment of CENVAT Credit and its utilization is akin to a ...


CENVAT Credit recognized as a fundamental right in indirect taxation, equated to cash balance for duty liabilities.

March 19, 2019

Case Laws     Central Excise     AT

The availment of CENVAT Credit and its utilization is akin to a fundamental right in the area of indirect taxation. It has been time and again reiterated that CENVAT Credit is as good as a cash balance, to be utilized for the discharge of duty liability in lieu of actual cash.

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