https://www.taxtmi.com/caselaws?id=249287 The Tribunal found that the applicant did not maintain separate accounts for trading activity, leading to the denial of Cenvat credit. Despite this, the Tribunal waived the predeposit of tax, interest, and penalty due to previous stay orders. The case underscores the necessity of maintaining distinct accounts for various business activities to ascertain Cenvat credit eligibility, the relevance of applicable rules and circulars, and the impact of prior Tribunal rulings on current decisions. en-us Tue, 18 Mar 2014 00:00:00 +0530 Wed, 09 Jul 2014 20:00:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249287 The Tribunal found that the applicant did not maintain separate accounts for trading activity, leading to the denial of Cenvat credit. Despite this, the Tribunal waived the predeposit of tax, interest, and penalty due to previous stay orders. The case underscores the necessity of maintaining distinct accounts for various business activities to ascertain Cenvat credit eligibility, the relevance of applicable rules and circulars, and the impact of prior Tribunal rulings on current decisions. Case-Laws Service Tax Tue, 18 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249287