CESTAT allows Refund of CENVAT Credit accumulated while Rendering Services to SEZ Developers to Larsen & Toubro [Read Order]

The refund of accumulated credits is allowed, and it doesn't depend on the export of services or receiving payment in foreign currency
By Navasree A.M - On September 28, 2024 10:07 am - 2 mins read
CESTAT - CESTAT kolkata - CENVAT Credit - SEZ developers - Larsen and Toubro - delayed refund - delayed refund payment - TAXSCAN

The Kolkata bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) has allowed the refund of accumulated CENVAT Credit to Larsen & Toubro, which was accrued while rendering services to SEZ developers. The bench ruled the appellant is entitled to interest on delayed refund payment. The case involved two appeals—one filed by…

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