CENVAT Credit Allowed as Duties Paid Through DEPB Scrips Were Valid: CESTAT Hyderabad

Asian Peroxides Ltd Vs Commissioner of Central Excise & Service Tax (CESTAT Hyderabad) The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Hyderabad, examined an appeal challenging an order that had upheld duty demand and penalty against a manufacturer engaged in producing hydrogen peroxide. The dispute concerned the admissibility of CENVAT credit on Countervailing Duty (CVD) and Special Additional Duty (SAD) paid on imported goods through debit of DEPB (Duty Entitlement Pass Book) scrips instead of cash payment. The department argued that credit was not admissible for SAD pai...