LAW FOR ALL

Rule 57A, 57B and 57D alongwith Rule 57CC- Modvat/ Cenvat Credit for the use of inputs in the manufacture of final products which are exempt or subject to nil rate of duty and the requirement of the assessee to maintain separate accounts with respect to inputs used in dutiable goods as well as exempted goods and the liability arising on the failure of the assessee to maintain such separate accounts. - High court allowed the writ petition at show cause notice stage itself - Apex court dismissed the appeal of Union Govt. confirming the lower court orders = Union of India & Ors. ….. Appellant(s) Versus M/s. Hindustan Zinc Ltd. …. Respondent (s)= 2014 ( May.Part) http://judis.nic.in/supremecourt/filename=41508