CENEX UPDATE - 22.05.2020

CX - As per Notfn No 24/2012-CE(NT), Cenvat credit taken or utilized of the duty, tax or cess paid on input goods or services or capital goods used in making the final product, need not be reversed, notwithstanding that cutting, slitting or printing aluminum foils is not tantamount to manufacture: CESTAT

ST - A subsequent entry having been enacted covering the activity without any change of the existing entry, the same has to be interpreted as if the earlier existing entry did not cover the subsequently created entry: CESTAT

Cus - Petitioner cannot be allowed to re-agitate its eligibility under DFCE Scheme in guise of fresh/revised application after judgment of apex Court and subsequent dismissal of its Review Petition - Cost of Rs.1 lakh to be deposited in PM CARES fund: HC