Appellate Tribunal overturns denial of benefits under Compounded Levy Scheme, emphasizes Chartered Accountant certificates.

The Appellate Tribunal CEGAT, New Delhi, allowed the appeals against the denial of benefits under the Compounded Levy Scheme by the Commissioner of Central Excise. The Tribunal set aside the order and remanded the matter for re-examination concerning the appellants' investment, emphasizing adherence to the Gujarat High Court's decision on accepting Chartered Accountant's certificates for investments below Rs. 3 crores.

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The judgment by Appellate Tribunal CEGAT, New Delhi, involved appeals against the denial of benefits under the Compounded Levy Scheme by the Commissioner of Central Excise. The Tribunal set aside the order and remanded the matter for re-examination regarding the investment of the appellants, citing the need to follow the Gujarat High Court's ruling on accepting Chartered Accountant's certificates for investment below Rs. 3 crores. The appeals were allowed by way of remand.

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