https://www.taxtmi.com/caselaws?id=363294 The Tribunal held that the appellant, a manufacturer of CNC Lathes, did not engage in trading activities by availing credit on input services used for manufacturing and trading. The removal of inputs for further processing did not amount to trading, as per Rule 3(5) of CCR, 2004. The Tribunal set aside the impugned order, emphasizing that the appellant's actions did not constitute trading and directing a reexamination in line with established case law. The appeal was allowed based on the finding that the appellant's activities did not amount to trading, leading to a reevaluation of the case by the adjudicating authority. en-us Tue, 22 May 2018 00:00:00 +0530 Wed, 11 Jul 2018 07:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363294 The Tribunal held that the appellant, a manufacturer of CNC Lathes, did not engage in trading activities by availing credit on input services used for manufacturing and trading. The removal of inputs for further processing did not amount to trading, as per Rule 3(5) of CCR, 2004. The Tribunal set aside the impugned order, emphasizing that the appellant's actions did not constitute trading and directing a reexamination in line with established case law. The appeal was allowed based on the finding that the appellant's activities did not amount to trading, leading to a reevaluation of the case by the adjudicating authority. Case-Laws Central Excise Tue, 22 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363294