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HC allows rebate on exports where fraudulent entry in Credit was regularized by subsequent payment
Case Law Details
- Case Name
- REIL Electricals India Ltd. Vs Joint Secretary and ors. (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Madras High Court
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REIL Electricals India Ltd. Vs Joint Secretary and ors. (Madras High Court)
Madras High Court allows rebate on exports where fraudulent entry in Credit was regularized by subsequent payment
Madras High Court in held that, owing to the squaring up of liability by Assessee along with interest to regularize its mistake of fraudulent entry made in CENVAT account, permits to grant rebate claim together with interest thereon is in accordance with law.
Facts
REIL Electricals India Ltd (“the Petitioner”) had made fraudulent credit of Rs.86,73,376/- in its CENVAT account and thereby debited the af...






