Court Finds No Revenue Loss as Respondents Use Cenvat Credit to Discharge Duty Liabilities Under Compounded Levy Scheme.

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....Utilisation of Cenvat credit - Compounded Levy Scheme – Cenvat account of the respondents had sufficient credit and they discharged their duty liability through the same instead of making payment through PLA - there is neither loss to the revenue nor there is evasion of duty - HC....