The Supreme Court's recent ruling allows telecom service providers to claim Cenvat credits on excise duties for infrastructure like mobile towers, significantly enhancing the financial health of the telecom sector. This decision is expected to release over Rs 1,000 crore in working capital, facilitating accelerated digital infrastructure development across India. The ruling overturns a previous Bombay High Court decision, aligning with the Delhi High Court's stance and promoting fairness in taxation.
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