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
CESTAT - CESTAT Ahmedabad - CENVAT Credit - CENVAT Credit interest payment - CENVAT credit on trading goods - taxscan

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…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here
taxscan-loader