https://www.taxtmi.com/caselaws?id=266063 The Tribunal upheld the demand for reversal of proportionate credit on trading activities, clarifying the Commissioner's jurisdiction under Rule 6(5). The appellant, a manufacturing unit, was directed to deposit Rs. 5,00,000 within four weeks for compliance, as the lower appellate authority confirmed only the proportionate credit demand and not the entire amount. The Tribunal found that the Commissioner has the authority to examine the cenvat credit availed, emphasizing the need to reverse the credit on the recipient's side for trading activities. en-us Fri, 13 Mar 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266063 The Tribunal upheld the demand for reversal of proportionate credit on trading activities, clarifying the Commissioner's jurisdiction under Rule 6(5). The appellant, a manufacturing unit, was directed to deposit Rs. 5,00,000 within four weeks for compliance, as the lower appellate authority confirmed only the proportionate credit demand and not the entire amount. The Tribunal found that the Commissioner has the authority to examine the cenvat credit availed, emphasizing the need to reverse the credit on the recipient's side for trading activities. Case-Laws Central Excise Fri, 13 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266063