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Untimely demise of Sushil Modi; TIOL Knowledge Foundation loses a passionate patronCus - Failure to abide by obligation to export finished goods - Penal provision must be strictly construed - There is no allegation of attempting to make an export or import, which is covered by s.11(2) of the FTDR Act, 1992 - Demand of penalty cannot be sustained: SCCoast Guard seizes 30,000 litres of illicit diesel & Rs 1.75 lakh cashBiden hikes import tariff to 100% on Chinese EVs + others products worth USD 18 bn worth of importsGST - Cash Credit Account and OD Account cannot be provisionally attached: HCNCGG organises program for Lankan civil servantsGST - Cancellation of registration with retrospective effect - Since the Show Cause Notice is itself defective and the order is cryptic without any reason, the same cannot be sustained: HCChina poses serious cyber risk to UK, says Intelligence Agency chiefGST - Petitioner has filed a detailed reply with supporting documents, therefore, conclusion of the proper officer that the reply is incomplete ex-facie shows that Proper Officer has not applied his mind: HCRamcharitmanas, Panchatantra & Sahrdayaloka-Locana enter 'UNESCO's Memory of World Asia-Pacific Regional Register'GST - Neither the Show Cause Notice, nor the order spell out the reasons for retrospective cancellation of registration, therefore, the same cannot be sustained: HCPutin to visit Beijing this week on Jinping’s invitationGST - Order has been passed solely on the ground that there was no response received from petitioner - One opportunity should be granted to file a response and thereafter SCN shall be re-adjudicated: HCNavigating GST Challenges on Expired MedicinesFormer Dy CM of Bihar Sushil Modi is no moreI-T- Assessee cannot be worsened of in appeal filed by him when relief already granted could be withdrawn: ITATGurugram-based IT professional run over by neighbour over parking disputeEPFO introduces Auto claim settlement for Education, marriage & housingOpenAI releases more advanced GPT-4o for free5 Iraqi soldiers die in terror attackIndia Port Global Ltd signs contract with Ports and Maritime Organization of IranUS to buy back land adjoining missile silos from China-linked firmsMelinda Gates quits Gates Foundation; walks away with USD 12.5 bn for her charity activitiesOptimise GST Administration Through Call Book System

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Cenvat Credit on VCES - Different view

Further Fraud, collusion, willful misstatement or suppression of facts, Rule 9(1)(bb) also include 'contravention of any of the provisions of the Finance Act or of the rules made thereunder with the intent to evade payment of service tax'. This rule has greatly restricted the availability of Cenvat Credit. It would be quite difficult for an applicant under VCES to proof that he had no intent to evade the 'tax dues'.

Manoj Agarwal 29/11/2013

 

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