Tuesday, 18 February 2014

Cenvat credit can't be denied to buyer merely if supplier failed to pay duty on goods

Cenvat Credit : It would be most unreasonable and unrealistic to expect buyer of such inputs to go and verify accounts of supplier or to find out from department of Central Excise whether actually duty has been paid on inputs by supplier; hence, credit cannot be denied merely because supplier did not pay duty


No comments:

Post a Comment