Monday 6 January 2014

HC slams revenue for holding payment via Cenvat credit instead of PLA as invalid in absence of any d

Excise & Customs : Merely by payment of duty through use of Cenvat credit instead of payment in cash/through PLA, there is neither evasion of duty nor any loss to revenue; hence, such payment cannot be held invalid so as to seek payment in cash with interest and penalty.


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