https://www.taxtmi.com/caselaws?id=215913 The Tribunal upheld the Revenue's contention that Rule 9(1)(f) of the Cenvat Credit Rules only allows credit for invoices issued after 10-9-2004, denying the appellants credit for service tax paid on insurance for plant and machinery against pre-10-9-2004 invoices. The Tribunal also agreed with the Revenue on the applicability of the extended period for raising a demand due to suppression of information detected during an audit. However, the Tribunal modified the penalty imposition under Rule 15 and Section 11AC, granting the appellant 30 days to pay the duty demanded, interest, and 25% of the duty amount as penalty for final closure. en-us Fri, 11 Nov 2011 00:00:00 +0530 Fri, 24 Aug 2012 06:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215913 The Tribunal upheld the Revenue's contention that Rule 9(1)(f) of the Cenvat Credit Rules only allows credit for invoices issued after 10-9-2004, denying the appellants credit for service tax paid on insurance for plant and machinery against pre-10-9-2004 invoices. The Tribunal also agreed with the Revenue on the applicability of the extended period for raising a demand due to suppression of information detected during an audit. However, the Tribunal modified the penalty imposition under Rule 15 and Section 11AC, granting the appellant 30 days to pay the duty demanded, interest, and 25% of the duty amount as penalty for final closure. Case-Laws Central Excise Fri, 11 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215913