https://www.taxtmi.com/caselaws?id=257142 The Tribunal ruled in favor of the applicants, engaged in manufacturing lubricants and trading imported oils, regarding the recovery of input service credit used in trading goods under Rule 14 of the Cenvat Credit Rules, 2004. The Tribunal found discrepancies in the quantification of demand and waived the pre-deposit of the entire amount, interest, and penalty. A stay on the recovery was granted pending appeal, with an expedited hearing scheduled due to the significant amount involved and the relevance of a previous Tribunal decision on a similar issue. en-us Thu, 23 Oct 2014 00:00:00 +0530 Sat, 28 Feb 2015 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257142 The Tribunal ruled in favor of the applicants, engaged in manufacturing lubricants and trading imported oils, regarding the recovery of input service credit used in trading goods under Rule 14 of the Cenvat Credit Rules, 2004. The Tribunal found discrepancies in the quantification of demand and waived the pre-deposit of the entire amount, interest, and penalty. A stay on the recovery was granted pending appeal, with an expedited hearing scheduled due to the significant amount involved and the relevance of a previous Tribunal decision on a similar issue. Case-Laws Central Excise Thu, 23 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257142