https://www.taxtmi.com/caselaws?id=240540 The Tribunal granted waiver of pre-deposit and stay of recovery for duty and penalty amounts demanded by lower authorities due to the denial of Cenvat credit on services used for manufacturing and trading activities. The Tribunal found the demand lacking legal support, as no statutory mechanism justified the estimation of duty based on assumed percentages. Emphasizing the necessity of legal provisions and clear recovery mechanisms, the judgment highlights the importance of proper documentation and compliance in tax disputes involving Cenvat credit and common input services. en-us Thu, 03 Nov 2011 00:00:00 +0530 Fri, 06 Dec 2013 07:48:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240540 The Tribunal granted waiver of pre-deposit and stay of recovery for duty and penalty amounts demanded by lower authorities due to the denial of Cenvat credit on services used for manufacturing and trading activities. The Tribunal found the demand lacking legal support, as no statutory mechanism justified the estimation of duty based on assumed percentages. Emphasizing the necessity of legal provisions and clear recovery mechanisms, the judgment highlights the importance of proper documentation and compliance in tax disputes involving Cenvat credit and common input services. Case-Laws Service Tax Thu, 03 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240540