Court :
Supreme Court of India
Brief :
The Hon'ble Supreme Court in the case of Union of India & Anr. v. BT (India) Private Limited [Diary No.44385-2024 XIV dated December 09, 2024] dismissed the Special Leave Petition ("SLP") filed by the Revenue Department ("the Petitioner") after a delay of 229 days. The SLP was against the Delhi High Court Judgment which permitted the refund of CENVAT credit under Rule 5 of the CENVAT Credit Rules, 2024 ("the CCR") to M/s BT India (Private) Limited ("the Respondent") and held that finalised assessment cannot be reopened in refund proceedings absent any challenge to self-assessed returns.
Citation :
Diary No.44385-2024 XIV dated December 09, 2024
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