CESTAT Rejects Cenvat Credit Claim as Amount Was Not Paid Towards CVD

Aculife Healthcare Pvt. Ltd. Vs Commissioner of CGST & Central Excise CGST (CESTAT Ahmedabad) CESTAT Ahmedabad rejected the appeal filed by the appellant against the order dated 08.05.2016 passed by the Commissioner (Appeals), whereby Cenvat credit of Rs. 752.22 lakhs was allowed out of the total claim of Rs. 822.89 lakhs, while the balance claim of Rs. 70.67 lakhs was denied. The appellant had imported inputs and capital goods during 1995 to 1998 against 36 advance licences issued by Customs authorities at Mumbai and Ahmedabad. Since export obligations under those licences were not fulfil...