Minimum alternate tax exclusions for pre-amendment banking companies and expatriate Indian branch salaries remain outside head office expenditure limi...
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.
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