SC stays HC order on Drawback Limitation for SCN under Drawback Rules

Union of India Vs Famina Knit Fabs (Supreme Court) Drawback Limitation for SCN under Drawback Rules, 1995 and saving of SCNs, for earlier period, issued after Drawback Rules, 2017 The Supreme Court has stayed the operation of the Punjab & Haryana High Court’s 2019 decision wherein the High Court had held that any notice issued under Rule 16 of Customs, Central Excise Duties and Service Tax Drawback Rules, 1995 beyond 5 years from the date of export is barred by limitation. It had observed that the department cannot open any assessment at its whims and fancies. The High Court had further ...