TIOL-DDT 2378 · Thursday, 19 June 2014 · story 2 of 4

Answer but don't answer

THIS is nothing novel. Nearly ten years ago, I had a meeting with the then Central Vigilance Commissioner who told me that he had serious doubts on the replies given by the Revenue Authorities to questions and complaints forwarded by him to the respective Board or the Department. For example if he asked a question as to why CENVAT credit was being denied, the Revenue can reply that CENVAT is a duty and the assessee has to pay it and not ask for credit as there is no system of paying duty on credit basis!

The CVC wanted TIOL to assist him in ascertaining whether the replies were correct. For many reasons we could not oblige the CVC.