Bombay High Court examines input service credit under Cenvat Credit Rules, 2004: reversal, penalty, product-specific credit.

The Bombay High Court admitted the appeal concerning input service credit under the Cenvat Credit Rules, 2004, focusing on issues like proportionate reversal of credit, penalty deletion, and credit availability for specific products. The Respondent waived service.

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The Bombay High Court admitted the appeal based on substantial questions of law regarding input service credit under the Cenvat Credit Rules, 2004. The questions include the proportionate reversal of credit, penalty deletion, and availability of credit for specific products. The Respondent waived service.

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