https://www.taxtmi.com/caselaws?id=253187 The Bench found conflicting views on the admissibility of CENVAT Credit for trading activities. Previous decisions indicated that credit for services in trading activities is not permissible. The appellant failed to establish a prima facie case for a complete waiver of the demand. The Bench ordered a further pre-deposit of Rs. 5 lakhs within eight weeks, in addition to the amount already paid. A stay on recovery of the remaining amounts was granted pending appeal disposal, subject to payment of the specified amount. en-us Mon, 22 Sep 2014 00:00:00 +0530 Mon, 17 Nov 2014 21:27:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253187 The Bench found conflicting views on the admissibility of CENVAT Credit for trading activities. Previous decisions indicated that credit for services in trading activities is not permissible. The appellant failed to establish a prima facie case for a complete waiver of the demand. The Bench ordered a further pre-deposit of Rs. 5 lakhs within eight weeks, in addition to the amount already paid. A stay on recovery of the remaining amounts was granted pending appeal disposal, subject to payment of the specified amount. Case-Laws Service Tax Mon, 22 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253187