https://www.taxtmi.com/caselaws?id=348674 The Tribunal upheld the demand for the appellant to reverse Cenvat credit on common input services used for both manufacturing and trading activities. It rejected the appellant's arguments on the calculation of the demand and limitation, affirming the authority's decision. The Tribunal emphasized that trading activity should be considered exempted services even before 01.04.2011 and upheld the denial of credit balance. The matter was remitted for correct quantification of the amount to be reversed, including interest and penalties, with the plea of limitation rightly rejected. en-us Fri, 22 Sep 2017 00:00:00 +0530 Wed, 27 Sep 2017 09:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348674 The Tribunal upheld the demand for the appellant to reverse Cenvat credit on common input services used for both manufacturing and trading activities. It rejected the appellant's arguments on the calculation of the demand and limitation, affirming the authority's decision. The Tribunal emphasized that trading activity should be considered exempted services even before 01.04.2011 and upheld the denial of credit balance. The matter was remitted for correct quantification of the amount to be reversed, including interest and penalties, with the plea of limitation rightly rejected. Case-Laws Central Excise Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348674