https://www.taxtmi.com/caselaws?id=2792 The appellate authority vacated the penalty imposed on the appellants, manufacturers of cotton yarn, for the denial of Cenvat credit on service tax paid for inward and outward movement of goods, emphasizing their status as service recipients. The Explanation under the Cenvat Credit Rules deemed the "Goods Transport Agency's Service" received by the appellants as their output service since they were not providing any taxable service. Legal precedents and the Explanation supported the appellants' entitlement to avail Cenvat credit, leading to the appeal's success and setting aside of the disallowed credit. en-us Fri, 07 Sep 2007 00:00:00 +0530 Thu, 27 Nov 2014 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2792 The appellate authority vacated the penalty imposed on the appellants, manufacturers of cotton yarn, for the denial of Cenvat credit on service tax paid for inward and outward movement of goods, emphasizing their status as service recipients. The Explanation under the Cenvat Credit Rules deemed the "Goods Transport Agency's Service" received by the appellants as their output service since they were not providing any taxable service. Legal precedents and the Explanation supported the appellants' entitlement to avail Cenvat credit, leading to the appeal's success and setting aside of the disallowed credit. Case-Laws Service Tax Fri, 07 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2792