https://www.taxtmi.com/caselaws?id=267915 The Appellate Tribunal CESTAT Bangalore ruled in favor of the appellant, allowing them to avail CENVAT credit for services related to 'renting of immovable property' and 'leasing of vacant land' in the context of providing port services. The Tribunal accepted the appellant's argument of maintaining separate accounts for exempted and dutiable final services, permitting the reversal of proportionate credit for common input services. The Tribunal disagreed with the Revenue's insistence on restricting credit to 20% due to the absence of separate cenvatable accounts, remanding the matter for re-decision by the original adjudicating authority. en-us Wed, 02 Sep 2015 00:00:00 +0530 Mon, 16 Nov 2015 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267915 The Appellate Tribunal CESTAT Bangalore ruled in favor of the appellant, allowing them to avail CENVAT credit for services related to 'renting of immovable property' and 'leasing of vacant land' in the context of providing port services. The Tribunal accepted the appellant's argument of maintaining separate accounts for exempted and dutiable final services, permitting the reversal of proportionate credit for common input services. The Tribunal disagreed with the Revenue's insistence on restricting credit to 20% due to the absence of separate cenvatable accounts, remanding the matter for re-decision by the original adjudicating authority. Case-Laws Service Tax Wed, 02 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267915