https://www.taxtmi.com/caselaws?id=258928 The Tribunal granted the appellant's stay application, waiving the pre-deposit requirement of the demanded amount under Rule 6(3)(i) of the Cenvat Credit Rules, 2004, and related interest and penalty. The Tribunal found the department's demand under Rule 6(3)(i) incorrect due to the appellant's reversal of cenvat credit related to exempted services before the show cause notice issuance. Citing a retrospective amendment effective from 1.3.2008 and a favorable Karnataka High Court judgment, the Tribunal concluded that the appellant had a strong prima facie case, leading to the grant of the stay application and transfer of the appeal to the Service Tax branch. en-us Tue, 30 Dec 2014 00:00:00 +0530 Fri, 24 Apr 2015 05:50:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258928 The Tribunal granted the appellant's stay application, waiving the pre-deposit requirement of the demanded amount under Rule 6(3)(i) of the Cenvat Credit Rules, 2004, and related interest and penalty. The Tribunal found the department's demand under Rule 6(3)(i) incorrect due to the appellant's reversal of cenvat credit related to exempted services before the show cause notice issuance. Citing a retrospective amendment effective from 1.3.2008 and a favorable Karnataka High Court judgment, the Tribunal concluded that the appellant had a strong prima facie case, leading to the grant of the stay application and transfer of the appeal to the Service Tax branch. Case-Laws Central Excise Tue, 30 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258928