Utilisation of AED (GSI) credit: reassessment and protective action directed to safeguard revenue after prior concession. Direction addressing utilisation of AED (GSI) credit for payment of CENVAT duty: Board highlights instances where manufacturers availed AED (GSI) credit after 1.3.2003 for inputs received prior to 1.3.2003 though finished goods did not attract AED (GSI). Board has sought legal opinion and instructs field formations to take protective revenue measures notwithstanding earlier circulars, collect detailed commodity-wise information on such availment, and submit reports to headquarters in line with TRU guidance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Utilisation of AED (GSI) credit: reassessment and protective action directed to safeguard revenue after prior concession.
Direction addressing utilisation of AED (GSI) credit for payment of CENVAT duty: Board highlights instances where manufacturers availed AED (GSI) credit after 1.3.2003 for inputs received prior to 1.3.2003 though finished goods did not attract AED (GSI). Board has sought legal opinion and instructs field formations to take protective revenue measures notwithstanding earlier circulars, collect detailed commodity-wise information on such availment, and submit reports to headquarters in line with TRU guidance.
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