Use of notifications and CENVAT credit to evade duty on job-work transfers rejected; revenue-neutrality no exemption, duty payable The SC dismissed the special leave petition and upheld the HC's conclusion that specific notifications and CENVAT credit regimes cannot be used to ...
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Use of notifications and CENVAT credit to evade duty on job-work transfers rejected; revenue-neutrality no exemption, duty payable
The SC dismissed the special leave petition and upheld the HC's conclusion that specific notifications and CENVAT credit regimes cannot be used to circumvent duty payment on goods transferred for job work. The court agreed that the principle of revenue neutrality based on credit entitlement does not exempt the appellant from statutory duty obligations, leaving the impugned HC order intact and requiring compliance with duty payment as mandated by law.
Having heard the petitioner's counsel and examined the record, the Court found "no good reason to interfere with the impugned order passed by the High Court." The Special Leave Petition was held to be without merit: "The Special Leave Petition is, accordingly, dismissed." All pending applications were also disposed of.
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