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of <h1>Appellate Tribunal CESTAT: Decision on Re-Credit of Duty Paid/Reversed Post-High Court Appeal</h1> <h3>C.C.E. & S.T., Daman Versus Wellknown Synthetics Pvt. Ltd. And Yashraj Containeurs Ltd. Versus C.C.E., Daman</h3> C.C.E. & S.T., Daman Versus Wellknown Synthetics Pvt. Ltd. And Yashraj Containeurs Ltd. Versus C.C.E., Daman - TMI Issues involved:Whether the Appellant-Assessee could avail suo motu re-credit of duty paid/reversed after a period of time.Analysis:The judgment by the Appellate Tribunal CESTAT Ahmedabad, delivered by Dr. D.M. Misra, Member (Judicial), addressed the issue of whether the Appellant-Assessee could avail suo motu re-credit of duty initially paid/reversed in their books of accounts after a certain period. The contention put forth was based on an appeal filed before the Hon’ble Gujarat High Court, which was admitted and pending for final hearing. Both parties agreed that deciding the issue based on a Division Bench judgment would be inappropriate while the matter was pending before the High Court. In a similar scenario, a Division Bench of the Tribunal in a different case followed the principle laid down by the Larger Bench and disposed of the matter, allowing the parties to approach the Tribunal after the higher forum's verdict. Consequently, the present appeals were also disposed of with the liberty for both sides to approach the Tribunal after the High Court's decision in the pending appeal against the Division Bench judgment. It was emphasized that no recovery or refund would be processed during this period, and the appeals were concluded accordingly.
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