Cenvat cases whether eligible under Legacy Dispute Resolution Scheme

[SAKTHIVEL K]

Union Budget 2019 has introduced a Finance Bill 2019 in which in Chapter V it was stated Legacy Dispute Resolution Scheme (LDRS) will be applicable for excise duty and service tax related matters. Question is whether Cenvat related matters are covered under LDRS?

AI Summary

Debate on Cenvat eligibility under Legacy Dispute Resolution Scheme 2019; confirmed demands require cash payment, no ITC allowed. A discussion on whether Cenvat-related matters are eligible under the Legacy Dispute Resolution Scheme (LDRS) introduced in the Union Budget 2019. One participant affirms that confirmed demands must be paid in cash without further Input Tax Credit (ITC) and advises waiting for enactment. Another participant questions the regulatory basis for including Cenvat under LDRS. It is clarified that Cenvat Credit on Central Excise duty and Service Tax is treated equally with duty paid through the Personal Ledger Account (PLA), and the Department accepts this equivalence. The importance of maintaining a correct PLA to Cenvat ratio is emphasized.