https://www.taxtmi.com/forum/issue?id=115106 If ITC claimed stems from additional customs duty (CVD) paid on imported gold dore bars and the goods were held on 1 July 2017, ITC is subject to a one sixth restriction; where the taxpayer availed ITC of basic excise charged on purchased cast bars, the applicability of that restriction depends on whether the ITC can be traced to ACD or to excise. The adviser advises obtaining any departmental dissent in writing, distinguishes CVD and basic excise as legally separate, and cites case law to test the duties' relationship for challenging the restriction. en-us Fri, 21 Jun 2019 19:02:36 +0530 Thu, 23 Jan 2025 15:55:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115106 If ITC claimed stems from additional customs duty (CVD) paid on imported gold dore bars and the goods were held on 1 July 2017, ITC is subject to a one sixth restriction; where the taxpayer availed ITC of basic excise charged on purchased cast bars, the applicability of that restriction depends on whether the ITC can be traced to ACD or to excise. The adviser advises obtaining any departmental dissent in writing, distinguishes CVD and basic excise as legally separate, and cites case law to test the duties' relationship for challenging the restriction. Discussion-Forum GST Fri, 21 Jun 2019 19:02:36 +0530 https://www.taxtmi.com/forum/issue?id=115106