High Court Rules Against Using CENVAT Credit for Compliance Stay Order Payments; Public Funds Misuse Not Allowed.

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....Compliance stay order - payment through cenvat credit - The debit entry has been made on the basis of an assumption that the petitioner would be entitled to a credit in respect of certain goods - By making a debit entry, essentially, the petitioner is trying to utilise public money to secure the claim of the authorities - Not allowed - HC....