Appellant wins as Court rejects extended limitation period. Clarification on depreciation & modvat credit.

The High Court held in favor of the appellant, ruling that the extended period of limitation could not be invoked by the Tribunal. The Court also clarified the issues related to depreciation and modvat credit in the case.

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The High Court of Gujarat heard the case with Ms. Harsha Devani and Mr. H.B. Antani as judges. The court admitted the case to determine two substantial questions of law related to depreciation and modvat credit, and the invocation of the extended period of limitation by the Customs, Excise & Service Tax Appellate Tribunal.

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