https://www.taxtmi.com/caselaws?id=270229 The Appellate Tribunal CESTAT Bangalore upheld the lower authorities' decision to deny CENVAT credit to an Input Service Distributor (ISD) for services exclusively used in an exempted unit, as per Rule 7(b) of the CENVAT Credit Rules. The Tribunal also reduced penalties imposed under Rule 15 for wrong credit availment without malafide intent in one appeal but set aside penalties in another appeal involving legal interpretation. Judgments were delivered on 29.10.2015, providing detailed analysis on the distribution of CENVAT credit and imposition of penalties. en-us Thu, 29 Oct 2015 00:00:00 +0530 Mon, 16 May 2016 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270229 The Appellate Tribunal CESTAT Bangalore upheld the lower authorities' decision to deny CENVAT credit to an Input Service Distributor (ISD) for services exclusively used in an exempted unit, as per Rule 7(b) of the CENVAT Credit Rules. The Tribunal also reduced penalties imposed under Rule 15 for wrong credit availment without malafide intent in one appeal but set aside penalties in another appeal involving legal interpretation. Judgments were delivered on 29.10.2015, providing detailed analysis on the distribution of CENVAT credit and imposition of penalties. Case-Laws Central Excise Thu, 29 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270229