CA Certificate is Sufficient to Discharge Obligation that Incidence of Excise Duty has not Passed on: CESTAT Grants Relief to IOC [Read Order]

CA Certificate - Incidence of Excise Duty - CESTAT - IOC - Excise Duty - CESTAT Grants Relief to IOC - taxscan

The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), granted relief to Indian Oil Corporation Ltd (IOC), and noted that Chartered Accountant (CA) Certificate is sufficient to discharge obligation that incidence of excise duty has not passed on. The issue in the dispute of M/s Indian Oil Corporation Ltd, against order…

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