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 appellant supplied gear boxes to Mega Power Projects and availed exemption benefit under Notification No. 06/2006-C.E. dated 01.03.2006. The adjudicating authority denied the exemption, citing non-fulfillment of conditions and goods not covered under Heading 98.01 of Notification No. 21/2002. The Tribunal held that the appellant fulfilled the conditions by submitting requisite certificates from the appropriate authority certifying the projects as Mega Power Projects. The goods cleared under Chapter Heading 8483 were covered within Notification No. 21/2002, exempting all goods supplied against international competitive bidding. Hence, the appellant was eligible for exemption under Notification No. 06/2006-C.E. The demand of central excise duty, interest, and penalty was set aside, and the appeal was allowed.
The appellant supplied gear boxes to Mega Power Projects and availed exemption benefit under Notification No. 06/2006-C.E. dated 01.03.2006. The adjudicating authority denied the exemption, citing non-fulfillment of conditions and goods not covered under Heading 98.01 of Notification No. 21/2002. The Tribunal held that the appellant fulfilled the conditions by submitting requisite certificates from the appropriate authority certifying the projects as Mega Power Projects. The goods cleared under Chapter Heading 8483 were covered within Notification No. 21/2002, exempting all goods supplied against international competitive bidding. Hence, the appellant was eligible for exemption under Notification No. 06/2006-C.E. The demand of central excise duty, interest, and penalty was set aside, and the appeal was allowed.
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