CENVAT Credit is ‘as good as tax paid’ and its utilization indefeasible

Over the years, CENVAT Credit (‘Credit’) provisions had been flooded with numerous litigations. Yet another area is the restrictions on its utilization posed in varied manner by the Government from time to time. This write-up is a critique on the recent judgement of Gujarat High Court in the case of Advance Surfactants India Ltd vs. Union of India, 2017 (8) TMI 594- Gujarat HC TS-212-HC-2017(GUJ)-EXC, regarding validity of the proviso to sub-rule (4) of the rule 3 of CENVAT Credit Rules, 2004 (‘Credit Rules’).

To Read More, Please click on the below mentioned link:

Taxsutra-CENVAT-Credit-is-as-good-as-tax-paid-and-its-utilization-indefeasible