Relief to Blackberry India: Delhi HC set aside SCN Denying Interest in delayed Payment of Cenvat Credit [Read Order]
The court quashed the SCN directed to show cause as to why CENVAT Credit amounting to Rs.8,55,34,345/- erroneously refunded along with interest amounting to Rs.4,69,83,731/- erroneously paid towards interest for delayed payment be not recovered and penalty be not imposed for ineligible availment of CENVAT Credit
In the case of Blackberry India Pvt Ltd, the Delhi High Court set aside a Show Cause Notice denying interest in delayed payment of cenvat credit. Since the Revenue is approaching the Supreme Court impugning the order of the Tribunal as well as the order in appeal passed by the Court holding the petitioner entitled…
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