Proviso to Rule 3(5) of CCR cannot be applied Retrospectively to Capital Goods Removed prior to 13.11.2007: CESTAT [Read Order]

Proviso to Rule 3(5) of CCR cannot be applied retrospectively to capital goods removed prior to 13.11.2007 rules CESTAT

By Kalyani B. Nair - On January 5, 2024 6:46 am - 2 mins read

CCR - CESTAT - Capital Goods - CCR cannot be applied Retrospectively to Capital Goods - Goods - taxscan

The Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that the Proviso to Rule 3(5) of the Cenvat Credit Rules, 2004 (CCR) cannot be applied retrospectively to capital goods removed prior to 13.11.2007. A Show Cause Notice was issued alleging short payment of duty on the ground that the Appellant…

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