https://www.taxtmi.com/caselaws?id=795957 Input tax credit for tax paid on purchasing Duty Entitlement Passbook licences is unavailable because eligibility depends on the specific conditions under Section 19, not merely on whether an item is generally goods. Credit is confined to purchases of taxable goods specified in the First Schedule and subject to qualifying purposes and limitations. DEPB licences are distinct from goods imported through their use, are not specified in that Schedule, and do not independently meet the statutory requirements for credit. The notes state that the prior Division Bench interpretation of this scheme was binding and that the issue was decided against the assessee. en-us Fri, 24 Jul 2026 00:00:00 +0530 Thu, 30 Jul 2026 08:52:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795957 Input tax credit for tax paid on purchasing Duty Entitlement Passbook licences is unavailable because eligibility depends on the specific conditions under Section 19, not merely on whether an item is generally goods. Credit is confined to purchases of taxable goods specified in the First Schedule and subject to qualifying purposes and limitations. DEPB licences are distinct from goods imported through their use, are not specified in that Schedule, and do not independently meet the statutory requirements for credit. The notes state that the prior Division Bench interpretation of this scheme was binding and that the issue was decided against the assessee. Case-Laws VAT / Sales Tax Fri, 24 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795957