NCLAT: Consideration of Debt Restructuring by Lenders Doesn’t Bar Member from Initiating Proceedings  ||  Delhi High Court: In Matters of Medical Evaluation, Courts Should Exercise Restraint  ||  Delhi HC: Any Person in India Has Right to Legally Import Goods from Abroad and Sell the Same  ||  Delhi HC: Waiver to Section 12(5) of Arbitration Act to be Given Once Tribunal is Constituted  ||  Supreme Court Has Asked States to Regularise Existing Court Managers  ||  SC: Union & States to Create Special POSCO Courts on Top Priority  ||  SC Upholds Authority of CERC to Award Compensation for Delays  ||  SC: Arbitral Tribunal Has Discretion to Include in Sum Awarded, Interest at Rate as it Deems Reasonab  ||  SC: Cannot Use Article 142 to Frame Guidelines on Judicial Recusal  ||  SC: Satisfaction Recorder in One EP Won’t Affect Subsequent EPs for Future Breaches    

Jayaswal Neco Ltd. v. Commissioner of Central Excise, Raipur - (Supreme Court) (06 Aug 2015)

Rule 173G payment from CENVAT Account

MANU/SC/0839/2015

Excise

The Supreme Court held in favour of an Assessee claiming payment from its CENVAT Account could be counted towards demand under Rule 173G of the Central Excise Rules, 1944. The Court, affirming the position taken in a previous High Court judgment, added that since then the Central Excise Rules, 2002 themselves had been amended discontinuing this provision for payment. The Assessee's dispute had originated prior to the amendment.

Relevant : Commissioner of Central Excise, Pune v. Dai Ichi Karkaria Limited MANU/SC/0467/1999 Eicher Motors Ltd. v. Union of India MANU/SC/0051/1999

Tags : EXCISE   CENVAT   DUTY   PAYMENT  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved