CENEX UPDATE – 26.10.2020

ST - Insurance service provided by DICGC to the banks is an 'input service': CESTAT

ST - CENVAT - Non-compliance with procedure prescribed u/r 6(3A) of CCR does not result in losing substantive right to avail option of reversing proportionate credit - procedural lapse is condonable: CESTAT

Cus - When Respondents had already issued licence and granted partial benefit under Target Plus Scheme, there cannot be any valid and justifiable reason for non-release of balance amount of benefit which has now become due: HC