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Delton Cables has won its appeal before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in Chandigarh.
Delton Cables Ltd504240 · Filed with the exchange
The tribunal ruled in the company's favor, setting aside a previous demand for Central Excise Duty of Rs. 4,97,113/- along with interest and penalty.
This positive ruling resolves a long-standing tax dispute, eliminating a potential financial liability and providing clarity on the company's tax position.
The decision reinforces the company's stance on the non-applicability of duty on waste and scrap generated during manufacturing.
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