https://www.taxtmi.com/caselaws?id=360855 The Tribunal held that Cenvat credit is not admissible on input services used for trading activity not considered exempted before 01/04/2011. The appellant was liable to reverse or pay back input service credit related to trading activity and maintain separate accounts for exempted services. The order-in-appeal demanding reversal of Cenvat credit on trading goods was upheld, and the penalty under Section 78 of the Finance Act, 1994 was imposed. The appellant's appeal was dismissed, and they were allowed to pay 25% of the penalty within one month of the judgment. en-us Tue, 22 May 2018 00:00:00 +0530 Wed, 23 May 2018 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360855 The Tribunal held that Cenvat credit is not admissible on input services used for trading activity not considered exempted before 01/04/2011. The appellant was liable to reverse or pay back input service credit related to trading activity and maintain separate accounts for exempted services. The order-in-appeal demanding reversal of Cenvat credit on trading goods was upheld, and the penalty under Section 78 of the Finance Act, 1994 was imposed. The appellant's appeal was dismissed, and they were allowed to pay 25% of the penalty within one month of the judgment. Case-Laws Service Tax Tue, 22 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360855