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Excise Duty

Reliance on a judgment later overturned does not constitute suppression of facts

Case Law Details

Case Name
Commissioner, Central Excise and Customs and Another Vs Reliance Industries Ltd. (Supreme Court of India)
Date of Judgement/Order
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Advertisement Commissioner, Central Excise and Customs and Another Vs Reliance Industries Ltd. (Supreme Court of India) The Hon’ble Supreme Court in Commissioner of Central Excise and Service Tax v. M/s Reliance Industries Ltd. [Civil Appeal No. 6033 of 2009 dated July 04, 2023] held that the assessee was bonafide and has correctly discharged duty liability by relying on the CESTAT decision even though the same was later overturned by the Hon’ble Supreme Court. Facts: M/s. Reliance Industries Ltd. (“the Respondent”) on the basis of the CESTAT judgment IFGL Refractories Ltd v. Commis...
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Author Info

Bimal Jain
Name: Bimal Jain
Qualification: LL.B / Advocate
Company: A2Z Taxcorp LLP
Location: Delhi, Delhi
Articles Published: 2,884

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