Cenvat Utilization by Any Unit of Same Entity would not Make Any Loss to Exchequer: CESTAT [Read Order]

By Yogitha S. Yogesh - On June 18, 2023 6:15 pm - 2 mins read
Cenvat Utilization by Any Unit of Same Entity would not Make Any Loss to Exchequer - Cenvat Utilization - Loss to Exchequer - Loss - CESTAT - Taxscan

The Mumbai bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that Cenvat utilization by any unit of the same entity would not make any loss to the exchequer. M/s. Morganite Crucible (India) Ltd, the appellant is engaged in the manufacturing of excisable goods viz. Silicon Carbide Crucibles, Clay Graphite Crucibles…

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