https://www.taxtmi.com/caselaws?id=360348 The Tribunal ruled in favor of the appellant, a manufacturer, in a dispute over CENVAT credit on inputs for manufacturing and trading activities. The appellant successfully argued that they had appropriately reversed the credit on inputs cleared as such, as per Rule 3(5) requirements, and were not engaged in trading activities. Citing previous decisions and emphasizing the correct interpretation of the rules, the Tribunal found the Revenue's position unsubstantiated and allowed the appeal, setting aside the earlier decision. The judgment underscored the importance of distinguishing between manufacturing and trading activities under the CENVAT Credit Rules. en-us Fri, 04 May 2018 00:00:00 +0530 Wed, 16 May 2018 06:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360348 The Tribunal ruled in favor of the appellant, a manufacturer, in a dispute over CENVAT credit on inputs for manufacturing and trading activities. The appellant successfully argued that they had appropriately reversed the credit on inputs cleared as such, as per Rule 3(5) requirements, and were not engaged in trading activities. Citing previous decisions and emphasizing the correct interpretation of the rules, the Tribunal found the Revenue's position unsubstantiated and allowed the appeal, setting aside the earlier decision. The judgment underscored the importance of distinguishing between manufacturing and trading activities under the CENVAT Credit Rules. Case-Laws Central Excise Fri, 04 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360348