Eye Share: Sabka Vishwas LDRS, 2019 – Sabke “Credit” Disputes?

Mr. Karan Talwar (Advocate) in his intriguing article throws light on the fundamental issue as to whether the LDRS applies to cases involving denial/recovery of “MODVAT/CENVAT credit”. Author opines that the Kar Vivad Samadhan Scheme, 1998 (KVSS) serves as a useful benchmark to understand the issue. Whilst the MODVAT and CENVAT Credit is conferred and recovered under the Rules framed under the two enactments i.e. Central Excise Act and Finance Act, 1994 whi...