https://www.taxtmi.com/caselaws?id=248557 The tribunal confirmed the demand under the Central Excise Act, 1944, and service tax liability, interest, and penalties on the appellants for not availing Cenvat Credit on inputs used for manufacturing transformers. The denial of Cenvat Credit was deemed unjustified as the transformers were cleared with appropriate central excise duty payment. Penalties imposed on Managing Directors for alleged involvement in evading service tax through vivisecting contracts were considered disproportionate, leading to a waiver of pre-deposit amounts and a stay on recovery pending appeal disposal. The judgment stressed the importance of thorough examination in cases involving Cenvat Credit, service tax liability, and contract vivisection for fair treatment and compliance. en-us Mon, 26 May 2014 00:00:00 +0530 Fri, 03 Jul 2015 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248557 The tribunal confirmed the demand under the Central Excise Act, 1944, and service tax liability, interest, and penalties on the appellants for not availing Cenvat Credit on inputs used for manufacturing transformers. The denial of Cenvat Credit was deemed unjustified as the transformers were cleared with appropriate central excise duty payment. Penalties imposed on Managing Directors for alleged involvement in evading service tax through vivisecting contracts were considered disproportionate, leading to a waiver of pre-deposit amounts and a stay on recovery pending appeal disposal. The judgment stressed the importance of thorough examination in cases involving Cenvat Credit, service tax liability, and contract vivisection for fair treatment and compliance. Case-Laws Service Tax Mon, 26 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248557