PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
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CESTAT partially allowed the appeal concerning CENVAT credit on dumpers/tippers under operating lease. While credit was previously permitted, Notification 25/2010-CE mandated registration in service provider's name for eligibility. As vehicles were registered with lessor SEFPL, not appellant, credit was disallowed. Interest demand upheld per SC's compensatory principle in Pratibha Processors. However, extended period limitation and penalties were set aside due to genuine belief supported by prior favorable rulings before March 2011 notification. CESTAT found no evidence of duty evasion intent, concluding appellant acted under reasonable interpretation of Rule 4(3) during the ambiguous period.
CESTAT partially allowed the appeal concerning CENVAT credit on dumpers/tippers under operating lease. While credit was previously permitted, Notification 25/2010-CE mandated registration in service provider's name for eligibility. As vehicles were registered with lessor SEFPL, not appellant, credit was disallowed. Interest demand upheld per SC's compensatory principle in Pratibha Processors. However, extended period limitation and penalties were set aside due to genuine belief supported by prior favorable rulings before March 2011 notification. CESTAT found no evidence of duty evasion intent, concluding appellant acted under reasonable interpretation of Rule 4(3) during the ambiguous period.
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