https://www.taxtmi.com/caselaws?id=265016 The court ruled in favor of the Appellants, holding that they were entitled to input tax credit on DEPB scrips under Section 9(1) read with Section 9(4) of the DVAT Act. The court found that the DEPB scrips indirectly impacted the price of imported goods sold, qualifying for input tax credit. The penalties imposed on the Appellants were set aside as the demands for tax were deemed unsustainable. The appeals were allowed without any order as to costs. en-us Thu, 01 Oct 2015 00:00:00 +0530 Mon, 05 Oct 2015 08:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265016 The court ruled in favor of the Appellants, holding that they were entitled to input tax credit on DEPB scrips under Section 9(1) read with Section 9(4) of the DVAT Act. The court found that the DEPB scrips indirectly impacted the price of imported goods sold, qualifying for input tax credit. The penalties imposed on the Appellants were set aside as the demands for tax were deemed unsustainable. The appeals were allowed without any order as to costs. Case-Laws VAT and Sales Tax Thu, 01 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265016