Demand of Duty can’t be sustained when Cenvat Credit Amount utilized in subsequent period and No loss has been made to Revenue: CESTAT [Read Order]

The demand of duty sustained by CIT(A) was dismissed as the cenvat credit amount was utilized in the subsequent period without making loss to the revenue

By Sunayana Dhal - On December 22, 2023 1:31 pm - 2 mins read

Demand of Duty - Cenvat Credit - loss -Revenue-CESTAT-TAXSCAN

The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the demand duty cannot be sustained when the cenvat credit amount is utilized in the subsequent period and no loss has been made to the revenue. The Appellants, M/s. Eminent Healthcare & Cosmetics Private Limited are manufacturers of Cosmetics falling…

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