https://www.taxtmi.com/caselaws?id=259659 The tribunal ruled that the manufacturer was ineligible for CENVAT credit on input services related to trading activity before 1.4.2011. The appellant was directed to reverse credit taken, pay a substantial amount with interest and penalty, and comply with deposit requirements within a specified timeframe. The tribunal agreed that the appellant should only pay interest for the period from October 2006 to March 2008 due to the removal of the 20% credit limit. Additionally, the appellant was found liable to reverse proportionate CENVAT credit based on trading turnover until March 2011. en-us Mon, 22 Sep 2014 00:00:00 +0530 Sat, 16 May 2015 06:22:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259659 The tribunal ruled that the manufacturer was ineligible for CENVAT credit on input services related to trading activity before 1.4.2011. The appellant was directed to reverse credit taken, pay a substantial amount with interest and penalty, and comply with deposit requirements within a specified timeframe. The tribunal agreed that the appellant should only pay interest for the period from October 2006 to March 2008 due to the removal of the 20% credit limit. Additionally, the appellant was found liable to reverse proportionate CENVAT credit based on trading turnover until March 2011. Case-Laws Service Tax Mon, 22 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259659