Wednesday, November 10, 2010

Partial relief to BHEL in 13 crore excise dispute

The Madhya Pradesh High Court today disposed off a writ petition filed by Bharat Heavy Electrical Limited (BHEL) while granting it a limited relief against the order of the Customs Excise and Service Tax Appellate Tribunal (CESTAT) directing BHEL to make a pre-deposit of entire demand of Rs. 13.49 crores by the excise department. Instead the court has directed to deposit only 25% of the amount in demand as a pre-deposit. The court has also directed CESTAT to dispose off the appeal within a period of ninety days of compliance with deposit direction by the court. The order was passed by the division bench comprising Justices KK Lahoti and Sushma Shrivastava.

more at:
http://www.lawetalnews.com/NewsDetail.asp?newsid=2693

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