https://www.taxtmi.com/caselaws?id=245829 The Tribunal ruled in favor of the appellant, a tyre manufacturer, in a case involving the maintenance of separate accounts for tubes and flaps cleared to dealers in the replacement market. The appellant was directed to proportionately reverse the Cenvat credit for service tax paid on GTA service used for tubes and flaps within the normal limitation period. The Tribunal also held that trading activity cannot be considered a service and that the appellant is entitled to proportionate credit for services utilized in trading activities. The demand based on the extended period was not justified, leading to the negation of the penalty imposition. en-us Fri, 28 Mar 2014 00:00:00 +0530 Sat, 17 Jan 2015 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245829 The Tribunal ruled in favor of the appellant, a tyre manufacturer, in a case involving the maintenance of separate accounts for tubes and flaps cleared to dealers in the replacement market. The appellant was directed to proportionately reverse the Cenvat credit for service tax paid on GTA service used for tubes and flaps within the normal limitation period. The Tribunal also held that trading activity cannot be considered a service and that the appellant is entitled to proportionate credit for services utilized in trading activities. The demand based on the extended period was not justified, leading to the negation of the penalty imposition. Case-Laws Central Excise Fri, 28 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245829