Tuesday, 27 January 2015

Doctrine of unjust enrichment doesn't apply to 'inter-unit' stock transfer of intermediate goods

Excise & Customs : In case of inter-unit 'stock transfer' (not sale) of intermediate goods, doctrine of unjust enrichment would not apply; hence, excess duty paid on such stock transfer can be claimed as refund by sender unit, provided recipient unit has not taken credit of such excess duty and has not claimed excess price


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