Case Law Details
Welspun Corp Limited Vs C.C.E. & S.T (CESTAT Ahmedabad)
Introduction:
In a significant verdict that benefits industry at large, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad has allowed Welspun Corp Limited to utilize the cenvat credit of basic excise duty for the payment of Education Cess and Secondary Higher Education Cess. This ruling serves as a remarkable precedent for other companies facing similar situations.
Analysis:
The argument at the core of this case was whether the appellant, Welspun Corp Limited, could utilize cenvat credit of basic excise duty to offset payments of education cess and secondary higher education cess. While the counsel for the appellant argued in favor, presenting previous judgments to back the claim, the representative for the Revenue held firm on the findings of the impugned order.
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