HC: Dismisses Revenue’s insistence on CTD for allowing transitional-credit on vehicles/spare-parts to Honda-dealer

Gujarat HC allows claim of transitional credit of authorized Honda Dealer with regard to Excise Duty paid by manufacturer on vehicles and spare parts held in stock by the Petitioner as on June 30, 2017; Revenue contested that the petitioners are liable to follow the prescribed procedure as per Notification No.21/2017 dated June 30, 2017 r/w Rule 15(2) of CENVAT Credit Rules, 2017 & avail the transitional credit only if such procedure of getting Credit Transfer Docume...