CESTAT Chandigarh Quashes Excise Duty Demand on Panacea Biotec Ltd. for Hemophilus Vaccine

Panacea Biotec Ltd. Vs Commissioner of Central Excise And Service Tax (CESTAT Chandigarh)

Introduction: In a recent order, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Chandigarh ruled in favor of M/s Panacea Biotec Ltd., setting aside the excise duty demand of Rs. 1,65,92,802/- imposed on the clearance of Hemophilus Vaccine. The crucial ground for quashing the demand was the absence of concrete evidence establishing M/s Panacea Biotec Ltd. as the actual manufacturer of the vaccine.