Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
The case involved a dispute regarding the refund of Cenvat duty on education cess and secondary & higher education cess. The appellant, registered in Jammu & Kashmir, availed area-based exemption under Notification No. 56/2002-CE. The issue was whether education cess and S&H education cess paid through Cenvat Credit account could be refunded. The Supreme Court precedent clarified that exemptions must be explicitly stated in notifications. The tribunal found the rejection of a portion of the refund valid but held that appropriation of a specific amount without notice or hearing was improper. The appeal was partially allowed, with the rejection of a refund amount upheld but the appropriation set aside.
The case involved a dispute regarding the refund of Cenvat duty on education cess and secondary & higher education cess. The appellant, registered in Jammu & Kashmir, availed area-based exemption under Notification No. 56/2002-CE. The issue was whether education cess and S&H education cess paid through Cenvat Credit account could be refunded. The Supreme Court precedent clarified that exemptions must be explicitly stated in notifications. The tribunal found the rejection of a portion of the refund valid but held that appropriation of a specific amount without notice or hearing was improper. The appeal was partially allowed, with the rejection of a refund amount upheld but the appropriation set aside.
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