https://www.taxtmi.com/caselaws?id=330923 The Tribunal partially allowed the appeals by M/s Magnum Ventures Ltd., setting aside most demands and penalties related to cenvat credit under Rule 6(3) and penalties under Rule 15(1) of Cenvat Credit Rules, 2004. The appellant's argument that services provided were not exempted was accepted, leading to the dismissal of significant demands. The importance of maintaining separate accounts for cenvat credit was highlighted, with penalties mostly being set aside except for a minor penalty concerning capital goods credit. en-us Thu, 19 Nov 2015 00:00:00 +0530 Fri, 07 Apr 2017 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330923 The Tribunal partially allowed the appeals by M/s Magnum Ventures Ltd., setting aside most demands and penalties related to cenvat credit under Rule 6(3) and penalties under Rule 15(1) of Cenvat Credit Rules, 2004. The appellant's argument that services provided were not exempted was accepted, leading to the dismissal of significant demands. The importance of maintaining separate accounts for cenvat credit was highlighted, with penalties mostly being set aside except for a minor penalty concerning capital goods credit. Case-Laws Service Tax Thu, 19 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330923