Relief to BPCL: CESTAT Remands Case on Excess and Short Receipts of Petroleum Products for Clarification and Reconciliation [Read Order]

The High Court of Kerala previously directed the original authority to reconcile net losses and gains based on monthly adjustments, allowing BPCL to present evidence for reworking the issue
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The Bangalore bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT)  provided relief to Bharat Petroleum Corporation Limited (BPCL) by remanding the case regarding excess and short receipts of petroleum products, recognizing the coverage of the issue in a prior ruling and partially allowing the appeals for clarification and reconciliation as per the Ministry’s…

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