Reversal of CENVAT Credit on non-moving inventory under general provision is not valid: CESTAT [Read Order]

Reversal - CENVAT - Credit - on - non - moving - inventory - under - general - provision - is - not - valid - CESTAT - TAXSCAN

The Delhi Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that the reversal of CENVAT Credit on the non-moving inventory under general provision is not valid. M/s Jaisawal Neco Industries Ltd, the Appellant engaged inter alia in the manufacture of pig iron, iron ore pellets, sponge iron, M.S. Billets, Alloy…

Your free access to Taxscan has Expired

To read the article, get a premium account.

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.)
  ₹599 + GST for 1 year

Subscribe Now

M/s Jaisawal Neco Industries Ltd vs Principal Commissioner of Central Tax & Central Excise

Counsel for Appellant:   Mr. Hemant Bajaj & Ms. Sukriti Das

Counsel for Respondent:   Ms. Tamanna Alam

CITATION:   2022 TAXSCAN (CESTAT) 649

Related Stories