PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
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CESTAT dismissed the appeal, upholding denial of CENVAT credit and consequential demand and penalties. The appellant, a manufacturer of TMT bars without an induction furnace, had claimed credit on melting scrap imported and dealt with only on paper, which was not its input at the relevant time. The Tribunal held that Rule 9 does not permit endorsement of Bills of Entry by a registered dealer and that no evidence existed of physical receipt, movement or use of the scrap in manufacture. The paper transactions, lacking sale, purchase or actual transfer of goods, rendered the appellant ineligible for CENVAT credit.
CESTAT dismissed the appeal, upholding denial of CENVAT credit and consequential demand and penalties. The appellant, a manufacturer of TMT bars without an induction furnace, had claimed credit on melting scrap imported and dealt with only on paper, which was not its input at the relevant time. The Tribunal held that Rule 9 does not permit endorsement of Bills of Entry by a registered dealer and that no evidence existed of physical receipt, movement or use of the scrap in manufacture. The paper transactions, lacking sale, purchase or actual transfer of goods, rendered the appellant ineligible for CENVAT credit.
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