Demand of 6% of CENVAT Credit not sustainable when Credit already paid with interest: CESTAT [Read Order]
Appellant have admittedly paid the proportionate CENVAT Credit attributed to trading goods with interest
By Arjun A P - On September 22, 2024 12:12 pm - 2 mins read
The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) Bench of Ahmedabad held that demand of CENVAT Credit raised which is equal to 6% of difference between the purchase price and sale price of trading goods in terms of Rule 6 (3) is not sustainable when the proportionate credit is already paid with…
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