Area based exemption - Disallowing certain Investments made in ...

Manufacturer Penalized Despite Compliance with Investment Rules; Faces Recovery Proceedings in North Eastern States.

June 24, 2019

Case Laws Central Excise HC

Area based exemption - Disallowing certain Investments made in North Eastern states - It appears to be a case of double penalty to a manufacturer being a law-abiding person who withdrew the money from the escrow account and made investments in the identified sectors with prior approval of the Jurisdictional Commissioner of Central Excise and that has been later disallowed by the committee and recovery proceedings are initiated.

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Area based exemption - Disallowing certain Investments made in ...

Manufacturer Penalized Despite Compliance with Investment Rules; Faces Recovery Proceedings in North Eastern States.

June 24, 2019

Case Laws Central Excise HC

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