CENEX UPDATE – 20.06.2020

CX - Assessee is entitled to CENVAT credit in respect of EC & SHEC - nonetheless, Adjudicating Authority is at liberty to calculate credit amount as per formula prescribed u/r 3(7) of CCR 2004: CESTAT

ST - Recovery of interest u/s 11AB of CEA, 1944 & Section 75 of FA 1994 is not a consequence of demand raised u/s 11A of CEA 1944 or Section 75 of FA 1994 but is a consequence of delay in payment of tax: CESTAT

COFEPOSA - It is settled law that principle of constructive res judicata does not apply to petitions alleging violation of Article 21: HC