Cenvat Credit Availment in Service Tax and ExciseCenvat Credit Availment Precedes Its Utilisation
If Cenvat credit is availed wrongly taken, then it will be an independent liability by itself irrespective of its utilisation which may have followed, as far as taxing statutes are concerned. This has been held by High Court of Chattisgarh in matter of Commissioner Of C. Ex. & Cus., Raipur Versus Vandana Vidyut Ltd.-2016 (331) E.L.T....