CESTAT Tribunal Upholds Cenvat Credit Appeal on Invoices Naming Holding Company The Appellate Tribunal CESTAT, New Delhi allowed the appeal by the appellants concerning the disallowance of Cenvat credit on invoices in the name of M/s. ...
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CESTAT Tribunal Upholds Cenvat Credit Appeal on Invoices Naming Holding Company
The Appellate Tribunal CESTAT, New Delhi allowed the appeal by the appellants concerning the disallowance of Cenvat credit on invoices in the name of M/s. J.S. Forge Ltd. The tribunal determined that the credit was validly claimed as M/s. J.S. Forge Ltd. was the appellants' holding company and the ECC code on the invoices corresponded to that of the appellants. Consequently, the tribunal overturned the challenged order and upheld the appeals.
The Appellate Tribunal CESTAT, New Delhi allowed the appeal by the appellants regarding disallowance of Cenvat credit availed on invoices in the name of M/s. J.S. Forge Ltd. The tribunal found that the credit was rightly availed as M/s. J.S. Forge Ltd. was the holding company of the appellants and the ECC code on the invoices matched that of the appellants. The tribunal set aside the impugned order and allowed the appeals. (2008 (11) TMI 568 - CESTAT, New Delhi)
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