https://www.taxtmi.com/caselaws?id=355257 The Tribunal dismissed the appellant's appeal seeking recovery of alleged CENVAT credit for distribution by the head office without excluding tax on input services attributable to 'trading'. The decision was based on the appellant's failure to maintain separate accounts for trading activities, the ineligibility of trading as a service, and non-compliance with the law regarding credit availment and distribution. The Tribunal rejected the appellant's argument on the prospective application of the Explanation in the CENVAT Credit Rules, emphasizing that the exclusion of credit for trading activities was valid even before the rule amendment. en-us Fri, 15 Sep 2017 00:00:00 +0530 Tue, 13 Feb 2018 06:15:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355257 The Tribunal dismissed the appellant's appeal seeking recovery of alleged CENVAT credit for distribution by the head office without excluding tax on input services attributable to 'trading'. The decision was based on the appellant's failure to maintain separate accounts for trading activities, the ineligibility of trading as a service, and non-compliance with the law regarding credit availment and distribution. The Tribunal rejected the appellant's argument on the prospective application of the Explanation in the CENVAT Credit Rules, emphasizing that the exclusion of credit for trading activities was valid even before the rule amendment. Case-Laws Central Excise Fri, 15 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355257