CENEX UPDATE – 24.10.2020

CX - Activity of preparing Printing Paste from duty paid non-standardized, non-formulated and non-prepared dyes and chemicals does not qualify as manufacture u/s 2(f) of CEA 1944 - duty demand raised on such activity is quashed: CESTAT

ST - Rebate of tax paid on exported services - In 11/2005-ST, no time limit is prescribed - refund claim filed for whole year - limitation should be computed from end of the year: CESTAT

Cus - Seizure of Gold - Panchnama is an account of proceedings by witnesses - Absence of panchnama vitiates sanctity of such proceedings: CESTAT