Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Denial of CENVAT credit distributed by the Head Office (Input Service Distributor) to a unit during April to June 2012. The denial was based on the ground that the credit was not distributed proportionately among all units based on their respective turnovers, resulting in excess credit distribution to the unit. The key points are: Prior to the amendment effective from 01.04.2016, there was no compulsion on the assessee to distribute the credit proportionately or to all units. Even if the entire credit was distributed to one unit, it cannot be denied. The situation was revenue neutral as the other units paid more duty than the attributed credit. The CESTAT Ahmedabad held that 100% credit availed by the appellant was in order as per the existing CENVAT Credit Rules during the relevant period. Based on judgments, it is settled that even if the credit is distributed to one unit only during the relevant period, it cannot be denied. The impugned order is set aside, and the appeal is allowed.
Denial of CENVAT credit distributed by the Head Office (Input Service Distributor) to a unit during April to June 2012. The denial was based on the ground that the credit was not distributed proportionately among all units based on their respective turnovers, resulting in excess credit distribution to the unit. The key points are: Prior to the amendment effective from 01.04.2016, there was no compulsion on the assessee to distribute the credit proportionately or to all units. Even if the entire credit was distributed to one unit, it cannot be denied. The situation was revenue neutral as the other units paid more duty than the attributed credit. The CESTAT Ahmedabad held that 100% credit availed by the appellant was in order as per the existing CENVAT Credit Rules during the relevant period. Based on judgments, it is settled that even if the credit is distributed to one unit only during the relevant period, it cannot be denied. The impugned order is set aside, and the appeal is allowed.
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