https://www.taxtmi.com/caselaws?id=348616 The Tribunal upheld the demand for reversal of cenvat credit for input services used in trading activity, following the interpretation of Rule 6(5) of the Cenvat Credit Rules, 2004. The penalty and extended period of limitation were upheld, emphasizing the assessee's responsibility to correctly handle credits. The appeal of Revenue was allowed, affirming the imposition of penalty and invocation of extended period of limitation. en-us Tue, 19 Sep 2017 00:00:00 +0530 Fri, 13 Oct 2017 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348616 The Tribunal upheld the demand for reversal of cenvat credit for input services used in trading activity, following the interpretation of Rule 6(5) of the Cenvat Credit Rules, 2004. The penalty and extended period of limitation were upheld, emphasizing the assessee's responsibility to correctly handle credits. The appeal of Revenue was allowed, affirming the imposition of penalty and invocation of extended period of limitation. Case-Laws Central Excise Tue, 19 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348616