Delhi HC bars interim recovery of transitional CVD credit on imported gold ore bars

Delhi HC grants interim relief to petitioners challenging the vires of Notification No. 22/2017-Central Tax which inter alia inserted Rule 44A in CGST Rules requiring reversal of 5/6th of accrued CENVAT credit of CVD paid at the time of importation of gold ore bar; According to the petitioners, the impugned Notification is ultra vires Section 140 of CGST Act as well as the rule making powers u/s 164 thereof; Finding prima facie case and balance of convenience in favour o...