CESTAT grants relief to Hindustan Zinc: No reverse of credit availed as providing Capital Goods to Contractors for Captive Mines does not amount to ‘Removal’ [Read Order]
The tribunal held that the material, equipment, facilities, explosives, and detonators were provided by the assessee free of charge to the contractors for use in the work of their company
In a ruling providing relief to Hindustan Zinc, the Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has held that reverse credit availed is not reversible as providing capital goods to contractors for use within captive mines does not amount to ‘removal’. The appellant/assessee is in the business of mining…
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