CENVAT Credit Reversal for Polyester Spun Yarn Manufacturer under Rule 6(3)(i)

Suryauday Spinning Mills Ltd Vs Commissioner of Central Tax Secunderabad – GST (CESTAT Hyderabad)

Introduction: The case of Suryauday Spinning Mills Ltd vs. Commissioner of Central Tax, Secunderabad, as heard by the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Hyderabad, revolves around whether the appellant, a manufacturer of polyester spun yarn (PSY), is required to reverse CENVAT credit on their exempted turnover. The question arises under the framework of Rule 6(3) of the Central Ex

Please become a Premium member. If you are already a Premium member, login here to access the full content.