Captive power transfer pricing and non-resident export commission rules support deletion of adjustments and withholding disallowance in discussed proc...
Cooperative society deposits, member-interest TDS exemption and credit-facility deduction claims require verification through records and supporting e...
Customs jurisdiction over EPCG condition breaches survives export-obligation discharge certificates, requiring alleged fraud and misdeclaration to be ...
CESTAT allowed the appeal, holding that for the period prior to 01.04.2011, no reversal of CENVAT Credit was required for input services used partially in trading activities. The Appellant had already voluntarily reversed Rs. 22,534/- with interest for trading-related credits. The tribunal found the department failed to establish credit inadmissibility, and thus set aside the original order denying CENVAT Credit, interest, and penalty. The decision affirmed the Appellant's right to claim input service credits across manufacturing and trading operations during the specified period.
CESTAT allowed the appeal, holding that for the period prior to 01.04.2011, no reversal of CENVAT Credit was required for input services used partially in trading activities. The Appellant had already voluntarily reversed Rs. 22,534/- with interest for trading-related credits. The tribunal found the department failed to establish credit inadmissibility, and thus set aside the original order denying CENVAT Credit, interest, and penalty. The decision affirmed the Appellant's right to claim input service credits across manufacturing and trading operations during the specified period.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
