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FILCO TRADE CENTRE PVT. LTD. vs. UNION OF INDIA
(Gujarat High Court)

Hon'ble Judges:

AKIL KURESHI
B.N. KARIA
Pet. Counsel
Uchit N Sheth
Res. Counsel
Trusha K Patel

Petitioner / Applicant

FILCO TRADE CENTRE PVT. LTD.

Respondent UNION OF INDIA
Court Gujarat High Court
State

Gujrat

Date Sep 5, 2018
Order No.

R/SPECIAL CIVIL APPLICATION NO. 18433 of 2017 With R/SPECIAL CIVIL APPLICATION NO. 20185 of 2017

Citation

2018(9) TAXREPLY 2910
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ORDER

1. The petitions arise in similar background. For convenience, we may record facts from Special Civil Application No.18433/2017. 2. Petitioner no.1 is a company registered under the Companies Act and would here-in-after be referred to as “the petitioner company”. Petitioner no.2 is the Director of the company. Petitioner company is engaged in trading of specialized industrial bearings of various types. The petitioner also imports certain goods. Under the old regime, i.e. before introduction of Goods and Service Tax, the excise duty on local goods or the countervailing duty paid on imports was not to be borne by the petitioners. The credit could be utilised for payment of tax. According to the petitioners, the company has to maintain sufficient stock of different kinds of such bearings, many of which items may not be immediately sold. The petitioners would therefore, have longer cycle of such goods remaining with the petitioners after purchasing from the manufacturer ....

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