Refund of excess tax paid vis-à-vis ‘C’ forms granted

Indian Oil Corporation Ltd. Vs State of Gujarat (Gujarat High Court) Gujarat High Court held that refund claim under section 11(B) of the Central Excise Act allowed to the extent of amount collected from the petitioner and ‘C’ forms issued against such purchases. Facts- The petitioner is a limited company and a public sector undertaking of the Government of India. It is registered with Uttar Pradesh VAT Authority and Haryana VAT Authority. Petitioner entered into “Gas sale and Purchase Agreement” with M/s. Petronet LNG Ltd. Petitioner purchased “Regasified Liquefied Natural Gas” at...