Refund Denial Over Delayed Cenvat Reversal: CESTAT Terms It Procedural, Allows Claim [Read Order]
Referring to previous decisions, including Lightspeed India Partners Advisors LLP, Chariot International (P) Ltd., and Sandoz Pvt. Ltd., the CESTAT ruled that the delay in reversal was a technical issue and should not result in the denial of the refund.
The Delhi Bench of Customs, Excise and Service Tax Appellate Tribunal(CESTAT) allowed refund claims filed by the assessee, holding that the delayed reversal of Cenvat credit after the Goods Service Tax(GST) transition was a procedural lapse and did not warrant the denial of the refund. Forrester Research India Private Limited,appellant-assessee,filed refund claims for three periods,October…
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