TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Appellate Tribunal rules demand for cenvat credit on iron and steel items time-barred</h1> <h3>M/s. Ultra Tech Cement Ltd. Versus C.C.E. & ST. Raipur</h3> M/s. Ultra Tech Cement Ltd. Versus C.C.E. & ST. Raipur - TMI Issues: Limitation period for demand of cenvat credit on iron and steel items used as structurals.Analysis:The judgment by the Appellate Tribunal CESTAT NEW DELHI, delivered by Mrs. Archana Wadhwa and Mr. Rakesh Kumar, dealt with the issue of the limitation period for demanding cenvat credit on iron and steel items used as structurals. The appellant argued that most items were used for fabrication of capital goods, thus cenvat credit should not be denied. However, the demand was raised for the period July 2007 to June 2009, citing the Larger Bench decision in the case of Vandana Global Ltd. The Tribunal referred to various precedents, including Continental Foundation Joint Venture v. CCE, Chandigarh-I, Jaiprakash Industries Ltd. v. CCE, Chandigarh, and others, to establish that a longer limitation period cannot be applied when the issue was decided in favor of the assessee before the declaration of law by the larger bench.The Tribunal, following the above decisions, held that the demand in the present case was time-barred and set aside the impugned order solely on this limited issue without delving into the merits of the case. The stay petition and appeal were disposed of accordingly. This judgment highlights the importance of the limitation period in tax matters and the significance of prior decisions in determining the applicability of such periods, ensuring fairness and consistency in tax assessments.
TaxTMI 