Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
The legal judgment by CESTAT Allahabad addressed the issue of refund of accumulated Cenvat Credit for goods exported without payment of duty and not under bond. The tribunal held that refund is permissible even for goods exempt from duty, and export under bond is a procedural requirement. Citing precedent cases, it emphasized that input credit is allowable for exports of exempted goods under bond. The appellant was deemed eligible for Cenvat Credit refund under Rule 5 of CCR, 2004, despite the procedural lapse of not submitting a bond. The impugned order was set aside, and the appeal was allowed.
The legal judgment by CESTAT Allahabad addressed the issue of refund of accumulated Cenvat Credit for goods exported without payment of duty and not under bond. The tribunal held that refund is permissible even for goods exempt from duty, and export under bond is a procedural requirement. Citing precedent cases, it emphasized that input credit is allowable for exports of exempted goods under bond. The appellant was deemed eligible for Cenvat Credit refund under Rule 5 of CCR, 2004, despite the procedural lapse of not submitting a bond. The impugned order was set aside, and the appeal was allowed.
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