Reversing of lapsed cenvat credit - Rule 11(3) of CCR, 2004 - ...

High Court Confirms Intentional Distinction in Cenvat Credit Rule 11(3) Clauses for Exemption Options.

March 7, 2020

Case Laws Central Excise HC

Reversing of lapsed cenvat credit - Rule 11(3) of CCR, 2004 - stipulation of lapsing is included in Clause (ii) and not in Clause (i). These two clauses are separated by hyphen and use of the word ‘or’. Secondly in the Rule 11(3) (i) it is the option given to the manufacturer or producer for obtaining exemption. In category (ii) there is no such option but a reference is made for final product which has been exempted absolutely under Section 5A of the Act. Therefore, these two categories being distinct, the placement of stipulation cannot be considered as a mere draftsman error. - HC

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Reversing of lapsed cenvat credit - Rule 11(3) of CCR, 2004 - ...

High Court Confirms Intentional Distinction in Cenvat Credit Rule 11(3) Clauses for Exemption Options.

March 7, 2020

Case Laws Central Excise HC

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