https://www.taxtmi.com/caselaws?id=363823 The Tribunal allowed the appeal, setting aside the Order-in-Original confirming demand, interest, and penalty against a public sector bank for non-maintenance of separate records for exempted services and availing cenvat credit. It held that the Department misinterpreted Rule 6(3) of Cenvat Credit Rules, 2004, and unjustly invoked the extended limitation period, deeming the Show Cause Notice time-barred due to no suppression of facts or fraud by the appellant. The appellant's right to choose the option under Rule 6(3) CCR was emphasized, leading to the favorable outcome for the appellant. en-us Tue, 17 Jul 2018 00:00:00 +0530 Thu, 19 Jul 2018 06:01:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363823 The Tribunal allowed the appeal, setting aside the Order-in-Original confirming demand, interest, and penalty against a public sector bank for non-maintenance of separate records for exempted services and availing cenvat credit. It held that the Department misinterpreted Rule 6(3) of Cenvat Credit Rules, 2004, and unjustly invoked the extended limitation period, deeming the Show Cause Notice time-barred due to no suppression of facts or fraud by the appellant. The appellant's right to choose the option under Rule 6(3) CCR was emphasized, leading to the favorable outcome for the appellant. Case-Laws Service Tax Tue, 17 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363823