Notification 12/2012-Cus

Credit of Concessional Countervailing Duty on Imported Coal Is Not Cut Down by Excise Conditions: Rajasthan High Court Dismisses Revenue's Appeals Against Hindustan Zinc

A Division Bench of the Rajasthan High Court has refused to read the excise-side restrictions of Rule 3(1)(i) of the CENVAT Credit Rules, 2004 into Rule 3(1)(vii), upholding Hindustan Zinc's credit of concessional additional customs duty on imported steam coal across five demands totalling Rs.51,47,27,714. The reasoning is brief and leans on a Calcutta High Court ruling and a departmental advisory minute, which makes its limits as important as its result.