Excise Law: Option once exercised for a financial year, cannot be withdrawn midway

Raman Ispat Pvt Ltd Vs Cce Meerut (Allahabad High Court)

The case of Raman Ispat Pvt Ltd Vs Cce Meerut before the Allahabad High Court revolves around the contentious issue of whether an option exercised for a financial year under Section 3A(4) of the Central Excise Act can be withdrawn midway.

The case originated from an appeal filed by Raman Ispat Pvt Ltd challenging the dismissal of its claim to pay Central Excise duty under Section 3A(4) of the Act. The Tribunal rejected the appeal, prompting the applicant to approach the High Court.

The crux of the matter lies in

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