Irregularities in Reversal of Cenvat Credit against Hindustan Petroleum: CESTAT Remands Matter for Computation of Interest liability for Premature Availment of credit on Capital Goods [Read Order]

By Yogitha S. Yogesh - On November 1, 2023 5:00 pm - 2 mins read
Irregularities in Reversal of Cenvat Credit - Reversal of Cenvat Credit - Hindustan Petroleum - CESTAT - Premature Availment - CESTAT News - Excice - Customs - Tax News - TAXSCAN

In the case of Hindustan Petroleum Corporation Ltd about the irregularities in reversal of Cenvat Credit, the Mumbai bench of the Customs, Excise & Service Tax Appellate Tribunal(CESTAT) remanded the matter for computation of interest liability for premature availment of credit on capital goods. The appeal is against the order of Commissioner of Central Excise,…

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