https://www.taxtmi.com/caselaws?id=246692 The Tribunal granted the appellant waiver of predeposit and stay of recovery for denied CENVAT credit of Rs.25,99,401/- and a penalty of Rs.72,000/- due to lack of Input Service Distributor (ISD) registration for the Head Office. The Department's argument based on Rule 9 of the CENVAT Credit Rules, 2004 was countered by the Tribunal citing precedents where similar defects were considered curable. The Tribunal found no misuse of input services and noted the lack of excess credit or misuse for exempted goods/services. Consequently, relief was granted to the appellant. en-us Thu, 06 Dec 2012 00:00:00 +0530 Mon, 28 Sep 2015 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246692 The Tribunal granted the appellant waiver of predeposit and stay of recovery for denied CENVAT credit of Rs.25,99,401/- and a penalty of Rs.72,000/- due to lack of Input Service Distributor (ISD) registration for the Head Office. The Department's argument based on Rule 9 of the CENVAT Credit Rules, 2004 was countered by the Tribunal citing precedents where similar defects were considered curable. The Tribunal found no misuse of input services and noted the lack of excess credit or misuse for exempted goods/services. Consequently, relief was granted to the appellant. Case-Laws Central Excise Thu, 06 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246692