The Supreme Court of India dismissed the Civil Appeal owing to the low tax effect on excise duty as per the latest instruction from the Ministry of Finance.
The civil appeal was arising out of the impugned final judgment and order dated 28-03-2023 passed by the Customs, Excise And Service Tax Appellate Tribunal(CESTAT) which was in favour of M/S Kanam Latex Industries (P) Ltd, the respondent.
Counsel appearing for the appellant, the Commissioner of Central Excise submitted that in view of the latest instruction issued by the Ministry of Finance dated 02.11.2023, owing to low tax effect, an appropriate order may be passed in these appeals.
In the circumstances, the two-judge bench of Justice B V Nagarathna and Justice Ujjal Bhuyan dismissed the Civil Appeals owing to low tax effect.
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