https://www.taxtmi.com/caselaws?id=123898 The appeal contested the denial of Cenvat credit on input services used for manufacturing and trading activities, emphasizing the nexus between input services and business activities. The controversy over maintaining separate accounts for input services in manufacturing and trading was addressed, with the judgment clarifying that trading activities do not fall under exempted goods, thus justifying the appellant's utilization of input services for both manufactured and traded items without separate accounts. The Show Cause Notice issued after a year was deemed unsustainable, and the imposition of an equal penalty was overturned, absolving the appellant of the penalty. en-us Thu, 28 Feb 2008 00:00:00 +0530 Mon, 11 Sep 2017 09:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123898 The appeal contested the denial of Cenvat credit on input services used for manufacturing and trading activities, emphasizing the nexus between input services and business activities. The controversy over maintaining separate accounts for input services in manufacturing and trading was addressed, with the judgment clarifying that trading activities do not fall under exempted goods, thus justifying the appellant's utilization of input services for both manufactured and traded items without separate accounts. The Show Cause Notice issued after a year was deemed unsustainable, and the imposition of an equal penalty was overturned, absolving the appellant of the penalty. Case-Laws Service Tax Thu, 28 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123898