Explainer: Delhi High Court on Limitation, Waiver, and MGCC Shortfall Deductions under Arbitral Awards in Section 34 Proceedings
The Delhi High Court upheld an arbitral award holding that deduction towards Minimum Guaranteed CENVAT Credit (MGCC) shortfall was impermissible in the absence of an express contractual clause. The Court also ruled that limitation commenced from the date of actual deduction from final invoices and not from a prior notice contemplating such deduction.

