A. BACKGROUND M/s P & P Overseas (“Appellant”) being a 100% Export Oriented Unit (“EOU”) could not utilize the Cenvat Credit for payment of duty on DTA clearances and since the accumulated Cenvat Credit was attributable to the input services which had been used in or in relation to manufacture of the finished products which … Continue reading Denial of refund claim on the ground that the export proceeds have not been received is not sustainable [Delhi CESTAT]

The Union Cabinet has approved amendments to the Constitution (122nd Amendment) Bill to launch the goods and service tax (“GST” ), incorporating some of the suggestions of the select panel of Rajya Sabha that should clear the way for the passage of this much awaited reform should Parliament function. The key changes approved by the … Continue reading GOVERNMENT CLEARS GST AMENDMENTS, STATES TO BE COMPENSATED FOR 5 YEARS