https://www.taxtmi.com/caselaws?id=262239 The Tribunal upheld the demand for payment of a percentage of the value of exempted services due to the appellant's failure to maintain separate accounts for Cenvat credit. The Tribunal found that trading activity fell under exempted services as per Rule 2(e) of the Cenvat Credit Rules, 2004, despite the appellant's arguments to the contrary. A pre-deposit of the demanded amount with interest was ordered within a specified timeline, with compliance required by a certain date to stay the remaining liability pending appeal. Failure to comply would lead to dismissal of the appeal for lack of pre-deposit. en-us Mon, 08 Jun 2015 00:00:00 +0530 Sat, 19 Nov 2016 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262239 The Tribunal upheld the demand for payment of a percentage of the value of exempted services due to the appellant's failure to maintain separate accounts for Cenvat credit. The Tribunal found that trading activity fell under exempted services as per Rule 2(e) of the Cenvat Credit Rules, 2004, despite the appellant's arguments to the contrary. A pre-deposit of the demanded amount with interest was ordered within a specified timeline, with compliance required by a certain date to stay the remaining liability pending appeal. Failure to comply would lead to dismissal of the appeal for lack of pre-deposit. Case-Laws Service Tax Mon, 08 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262239