VATupdate

India CENVAT/MODVAT: In CCE v ACC Ltd (2014 -TIOL -2036 – CESTAT -MUM), the Mumbai Tribunal held that CENVAT credit was admissible on reconstructed bill of entry where there was no dispute with regard to payment of duty on imported goods and its receipt and usage in the manufacture of dutiable final products.

http://www.pwc.com/en_US/us/tax-services/publications/insights/assets/pwc-pwcs-india-indirect-tax-newsletter-october-2014-issue.pdf

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