https://www.taxtmi.com/caselaws?id=221874 The Tribunal allowed the appeals and rejected the Revenue's denial of Cenvat credit, interest, and penalty. It held that there was no legal basis to prohibit Cenvat credit on imported machines procured before service tax registration. The Tribunal emphasized the importance of accurate business records and found no requirement for credit entries to align with registration dates. The lower authorities' decisions were set aside, affirming the appellant's entitlement to the disputed credits and dismissing the penalties imposed by the Revenue. en-us Wed, 20 Jun 2012 00:00:00 +0530 Tue, 12 Nov 2013 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221874 The Tribunal allowed the appeals and rejected the Revenue's denial of Cenvat credit, interest, and penalty. It held that there was no legal basis to prohibit Cenvat credit on imported machines procured before service tax registration. The Tribunal emphasized the importance of accurate business records and found no requirement for credit entries to align with registration dates. The lower authorities' decisions were set aside, affirming the appellant's entitlement to the disputed credits and dismissing the penalties imposed by the Revenue. Case-Laws Service Tax Wed, 20 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221874