https://www.taxtmi.com/caselaws?id=335791 The Tribunal upheld the Revenue's demand of Rs. 2,59,80,459/- for the period 1.4.2011 to 31.12.2011 regarding the amount payable on the value of traded goods. Additionally, the Tribunal upheld the demand for reversal of credit proportionate to trading turnover and total turnover for wrongly availed CENVAT on input services falling under Rule 6(5) of the CCR, 2004. The Tribunal also supported the Revenue's method of apportioning common credit for input services not falling under Rule 6(5) and upheld penalties for the extended period due to suppression of facts by the appellants. en-us Fri, 14 Oct 2016 00:00:00 +0530 Fri, 10 Nov 2017 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335791 The Tribunal upheld the Revenue's demand of Rs. 2,59,80,459/- for the period 1.4.2011 to 31.12.2011 regarding the amount payable on the value of traded goods. Additionally, the Tribunal upheld the demand for reversal of credit proportionate to trading turnover and total turnover for wrongly availed CENVAT on input services falling under Rule 6(5) of the CCR, 2004. The Tribunal also supported the Revenue's method of apportioning common credit for input services not falling under Rule 6(5) and upheld penalties for the extended period due to suppression of facts by the appellants. Case-Laws Central Excise Fri, 14 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335791