CENVAT of Inputs & Input services for producing electricity captively consumed allowed Brief of the Case In the case of M/s JSW Steel Coated Products Ltd. Vs. Commissioner of Central Excise,(CESTAT Mumbai); Appeal No. E/1119/11, E/85314/13, E/88466/14,E/85449 & 85450/15; Date of Decision-07.01.2016 Thane-II, it was held that CENVAT credit of inputs and input services used […]
Tag Archives: Case Laws
Excise Duty Rate Should Be Rate Prevalent At The Time Of Clearing In the case of M/s Siemens Ltd. Vs. Commissioner of Central Excise,(CESTAT Mumbai); Appeal No. E/3360/05; Date of Decision-04.01.2016 Mumbai-IV, it was held that the rate of duty applicable on the differential assessable value recovered at the depot premises attributable to the products […]
No bar on admissibility of Cenvat credit either as Inputs or Capital goods at any stage of proceedings We are sharing with you an important judgment of the Hon’ble CESTAT, Kolkata in the case of Tata Steel Ltd. Vs. Commissioner of Central Excise, Jamshedpur [2016 (1) TMI 1059 – CESTAT KOLKATA)] on following issues:
Customs Valuation – Significant amendments in SVB procedures Import of goods are liable to Customs duty and are subject to scrutiny by the by Customs authorities. Further, imports from the ‘related parties’ are specifically scrutinised by the Customs Authorities to ensure that relationship between the parties have not influenced the value of import and the […]
Sec 68: No addition where parties have sufficient bank balance while giving loans Citation of the Case: ITO vs. Rekha Bansal (ITAT Delhi), I.T.A.No.4455/Del/2013 & C.O. No. 43 / Del/ 2014, AY 2009-10, Date of Judgment: 14/08/2015