The court noted that subclauses (i) and (ii) of Rule 11(3) are distinct, and only subclause (ii) refers to credit lapse.
The High Court of Madras, dismissed writ appeals filed by the department in a rebate claim dispute, holding that Cenvat credit was not liable to lapse under Rule 11(3)(i) of the Cenvat Credit Rules, 2004. The Revenue-appellant, filed these writ appeals, challenging the orders passed by the lower authorities.In this case, Valli Textile Mills,petitioner-assessee,manufactured cotton…
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 Subscribed?
Login Now 
