VATupdate

India CENVAT/MODVAT: In Cummins Diesel Sales and Service India Ltd v CCE (2014 -TIOL -2046 – CESTAT -MUM), the Mumbai Tribunal held that once the recipient had received the goods on payment of duty, the CENVAT credit could not be denied on the ground that the supplier of the inputs was not required to pay excise duty on the goods supplied.

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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