https://www.taxtmi.com/caselaws?id=758776 CESTAT Mumbai allowed the appeal regarding recovery of excise duty with interest and penalty for the period April 2000 to March 2003. The Tribunal held that abatement towards sales tax must be allowed based on sales tax liability at the time of goods clearance, not restricted to net present value of subsequently paid sales tax. Following precedent from a 2015 CESTAT Mumbai decision involving multiple steel companies, the Tribunal set aside the impugned order, ruling that sales tax abatement cannot be altered retrospectively based on actual payments made later. en-us Tue, 10 Sep 2024 00:00:00 +0530 Wed, 18 Sep 2024 19:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758776 CESTAT Mumbai allowed the appeal regarding recovery of excise duty with interest and penalty for the period April 2000 to March 2003. The Tribunal held that abatement towards sales tax must be allowed based on sales tax liability at the time of goods clearance, not restricted to net present value of subsequently paid sales tax. Following precedent from a 2015 CESTAT Mumbai decision involving multiple steel companies, the Tribunal set aside the impugned order, ruling that sales tax abatement cannot be altered retrospectively based on actual payments made later. Case-Laws Central Excise Tue, 10 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758776