EOU is required to Pay Excise Duty only by way of Cash and Cenvat Credit cannot be Utilized when Raw Materials/Inputs are Cleared: CESTAT [Read Order]

By Kalyani B. Nair - On June 12, 2023 4:15 pm - 2 mins read

EOU is required to Pay Excise Duty - Pay Excise Duty only by way of Cash and Cenvat Credit - Excise Duty - EOU - Raw Materials - CESTAT - Taxscan

The Hyderabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), ruled that the Export Oriented Units (EOU) are required to pay excise duty only by way of cash and Cenvat credit cannot be utilized when raw materials/ inputs cleared. The Appellant, Matrix Laboratories Ltd, is the manufacturer of various pharma products and…

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