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Central Excise - Highlights / Catch Notes

Home Highlights March 2023 Year 2023 This

CENVAT Credit - It is clear that Fuel and Oils are by-product ...


CENVAT Credit Valid for Fuel and Oils in Ship-Breaking; Denial of Credit for CVD on Ship Parts Unjustified.

March 16, 2023

Case Laws     Central Excise     AT

CENVAT Credit - It is clear that Fuel and Oils are by-product that are inevitably required to be removed from the ship in the course of commencing the activity of breaking the ship and if that be so, there is no reason for denial of cenvat credit of CVD paid on any part of the Ship including its stores viz. fuel and oil - AT

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