CENEX UPDATE - 30.04.2020

CX - CENVAT credit cannot be disallowed solely on account of procedural lapses : CESTAT ST - Remuneration paid to full time directors, which is accounted as salary for purpose of TDS and IT, is not chargeable to service tax, moreso when directors are engaged in daily activities like employee : CESTAT ST - Extended period cannot be invoked where no mala fide intent to evade payment of duty is attributed to the assessee on account of issue at hand being subject to litigation during the relevant period: CESTAT Cus - Confiscation of imported Silver granules & imposition of penalties are sustainable where assessee is unable to establish that goods were licitly imported into India: CESTAT