https://www.taxtmi.com/caselaws?id=327919 The appeal was allowed in favor of the appellant. The Member (Judicial) found a lack of clarity regarding the treatment of Cenvat credit for trading activities before March 31, 2011. The appellant paid the entire amount with interest for the period before March 2011. Given the reasonable cause shown for not reversing the credit attributed to trading activities, the penalty under Section 78 was waived invoking Section 80 of the Finance Act, 1994. en-us Tue, 16 Feb 2016 00:00:00 +0530 Tue, 10 Jan 2017 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327919 The appeal was allowed in favor of the appellant. The Member (Judicial) found a lack of clarity regarding the treatment of Cenvat credit for trading activities before March 31, 2011. The appellant paid the entire amount with interest for the period before March 2011. Given the reasonable cause shown for not reversing the credit attributed to trading activities, the penalty under Section 78 was waived invoking Section 80 of the Finance Act, 1994. Case-Laws Service Tax Tue, 16 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327919