Adjustment of CENVAT credit permits payment for inputs used in exempted goods during disputes, subject to interest from due date. A new sub rule permits a manufacturer with a pending dispute over adjustment of CENVAT credit for inputs used in exempted final products during 1 March 2002 to 9 September 2004 to pay an amount equivalent to the attributable credit (excluding inputs used as fuel) before or after clearance of such goods, notwithstanding earlier sub rules, with interest payable from the defined due date until payment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Adjustment of CENVAT credit permits payment for inputs used in exempted goods during disputes, subject to interest from due date.
A new sub rule permits a manufacturer with a pending dispute over adjustment of CENVAT credit for inputs used in exempted final products during 1 March 2002 to 9 September 2004 to pay an amount equivalent to the attributable credit (excluding inputs used as fuel) before or after clearance of such goods, notwithstanding earlier sub rules, with interest payable from the defined due date until payment.
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