https://www.taxtmi.com/caselaws?id=402475 Insurance proceeds for damaged attached stock were treated as adjustable against crystallised liability under the Sabka Vishwas (Legacy) Dispute Resolution Scheme, 2019, where the amount was sufficient to discharge the central excise dues. A refusal to permit adjustment merely because payment had to move through a separate accounting head was described as hyper-technical and inconsistent with the scheme's purpose of closing legacy disputes. The insurance company had already issued the discharge voucher before the last date, and the delay in receipt of funds was linked to the departmental refusal to allow adjustment. The surplus was directed to be applied towards central GST dues, with any remaining balance refunded to the petitioner. en-us Wed, 30 Dec 2020 00:00:00 +0530 Mon, 04 Jan 2021 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402475 Insurance proceeds for damaged attached stock were treated as adjustable against crystallised liability under the Sabka Vishwas (Legacy) Dispute Resolution Scheme, 2019, where the amount was sufficient to discharge the central excise dues. A refusal to permit adjustment merely because payment had to move through a separate accounting head was described as hyper-technical and inconsistent with the scheme's purpose of closing legacy disputes. The insurance company had already issued the discharge voucher before the last date, and the delay in receipt of funds was linked to the departmental refusal to allow adjustment. The surplus was directed to be applied towards central GST dues, with any remaining balance refunded to the petitioner. Case-Laws Service Tax Wed, 30 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402475