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    Crystallised corporate guarantee liability remains deductible in the year of settlement despite later discharge through consent terms.
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Central Excise

Claim of rebate/refund - export of goods from DTA unit to SEZ...

Rebate Claim and Duty Re-credit Denied for Exports from DTA to SEZ Under UT-I Bond Arrangement.

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Central Excise July 10, 2016 Case Laws CGOVT
Claim of rebate/refund - export of goods from DTA unit to SEZ units - initially applicant cleared excisable goods without payment of duty under UT-I Bond to the SEZ Unit - applicants have subsequently paid the duty on the said clearances through CENVAT account by making consolidated debit entry at the end of the respective months of clearances and claimed rebate of duty paid on such clearances - Claim of rebate as well as claim of re-credit of the entry, both rejected - CGOVT

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Acts Income Tax