Saturday, 5 July 2014

Transferee couldn’t avail of benefit of Cenvat Rule 10 when his factory wasn’t operating under Cenva

Cenvat Credit : Rule 10 cannot be read as a provision enabling removal of capital goods from one factory of a manufacturer to another factory of manufacturer where Cenvat Scheme is not applicable; said removal would attract reversal under rule 3(5)


No comments:

Post a Comment