VATupdate

India: In Haldiram India Pvt Ltd v CCE (2014 -TIOL -1965 -CESTAT -DEL -LB), the Larger Bench of Delhi Tribunal held that CESTAT had the power to grant stay even after expiry of 365 days from the grant of initial stay, if the appeal could not be disposed of for reasons beyond the control of the assessee .

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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