Incorrect Cenvat Credit Claims Lead to Independent Liability, Regardless of Usage, Under Taxing Statutes.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....If Cenvat credit had been wrongly taken, that is an independent liability by itself irrespective of its utilisation which may have followed, as far as taxing statutes are concerned. - HC....