https://www.taxtmi.com/caselaws?id=265881 The tribunal ruled in favor of the assessee, holding that they were not required to reverse the Cenvat credit on input services related to goods cleared as such, based on Rule 3(5) of the Cenvat Credit Rules, 2004. The revenue's demand for a proportionate amount of 6% / 8% of the value of trading activity was dismissed due to lack of evidence establishing the trading activity. The tribunal allowed the assessee's appeal and rejected the revenue's appeal, emphasizing the correct interpretation and application of the rules and the insufficiency of evidence supporting the revenue's position. en-us Mon, 11 May 2015 00:00:00 +0530 Mon, 15 Feb 2016 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265881 The tribunal ruled in favor of the assessee, holding that they were not required to reverse the Cenvat credit on input services related to goods cleared as such, based on Rule 3(5) of the Cenvat Credit Rules, 2004. The revenue's demand for a proportionate amount of 6% / 8% of the value of trading activity was dismissed due to lack of evidence establishing the trading activity. The tribunal allowed the assessee's appeal and rejected the revenue's appeal, emphasizing the correct interpretation and application of the rules and the insufficiency of evidence supporting the revenue's position. Case-Laws Central Excise Mon, 11 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265881