Taxpayer Entitled to Refund of Over Rs. 1 Crore Unutilized Cenvat Credit Despite Procedural Lapse; CGST Provisions Override Excise Act.

Taxpayer Entitled to Refund of Over Rs. 1 Crore Unutilized Cenvat Credit Despite Procedural Lapse; CGST Provisions Override Excise Act. https://www.taxtmi.com/highlights?id=84445 Appellant eligible for refund of Rs. 1,11,37,766/- unutilized Cenvat credit u/s 142(3) CGST Act despite inadvertent non-carry forward to TRAN-1. Procedural lapses cannot defeat substantive rights; specific CGST provisions override general Excise Act provisions. Interest payable on delayed refunds u/s 11BB Excise Act. Appeal allowed by CESTAT. en-us Wed, 01 Jan 2025 08:33:06 +0530 Wed, 01 Jan 2025 08:33:06 +0530 TaxTMI RSS Generator Taxpayer Entitled to Refund of Over Rs. 1 Crore Unutilized Cenvat Credit Despite Procedural Lapse; CGST Provisions Override Excise Act. https://www.taxtmi.com/highlights?id=84445 Appellant eligible for refund of Rs. 1,11,37,766/- unutilized Cenvat credit u/s 142(3) CGST Act despite inadvertent non-carry forward to TRAN-1. Procedural lapses cannot defeat substantive rights; specific CGST provisions override general Excise Act provisions. Interest payable on delayed refunds u/s 11BB Excise Act. Appeal allowed by CESTAT. Highlights Service Tax Wed, 01 Jan 2025 08:33:06 +0530 https://www.taxtmi.com/highlights?id=84445