https://www.taxtmi.com/caselaws?id=336684 The Tribunal upheld the Commissioner (Appeals) order confirming the demand, interest, and penalty imposed on the appellants for availing Cenvat credit on input services related to trading activities. The Tribunal ruled in favor of the Revenue, citing precedents that disallowed Cenvat credit for trading activities. It found the appellant's failure to declare input service credit usage for trading as suppression of facts, justifying the extended period invocation. As a result, all eight appeals by the appellant were dismissed, and the impugned order was upheld. en-us Wed, 23 Nov 2016 00:00:00 +0530 Tue, 27 Dec 2016 18:23:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336684 The Tribunal upheld the Commissioner (Appeals) order confirming the demand, interest, and penalty imposed on the appellants for availing Cenvat credit on input services related to trading activities. The Tribunal ruled in favor of the Revenue, citing precedents that disallowed Cenvat credit for trading activities. It found the appellant's failure to declare input service credit usage for trading as suppression of facts, justifying the extended period invocation. As a result, all eight appeals by the appellant were dismissed, and the impugned order was upheld. Case-Laws Service Tax Wed, 23 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336684