No reversal under Cenvat rule 6 is required in case of clearances to SEZ unit/developers

No reversal under Cenvat rule 6 is required in case of clearances to SEZ unit/developers Posted: 28 Apr 2013 12:46 AM PDT In this appeal filed by the assessee, the challenge is against a demand raised on the appellant in terms of Rule 6(3) of the CENVAT Credit Rules 2004 for the period from July to December 2008. During the said period, the appellant (a unit in the domestic tariff area) had cleared their products to... Intent to evade payment duty is a sina qua non for invoking penal provision u/s. 11AC Posted: 27 Apr 2013 10:39 PM PDT Undisputedly the appellant had received input services viz. GTA and Business Auxiliary Service and used the same in or in relation to the manufacture and trading of Electric Meters. It is also not in dispute that credit of Rs. 3,41,397/- availed by the appellant on the said input services were not... Customs – After 1-6-2007 Settlement Commission cannot grant immunity from payment of interest Posted: 27 Apr 2013 10:08 PM PDT Section 127 H of the Customs Act, 1962, prior to its amendment by Act No.22 of 2007, empowered the Settlement Commission to grant immunity, inter alia, either wholly or in part of any part of the interest. With effect from 1 June 2007 an amended provision was brought into force by which the...