https://www.taxtmi.com/caselaws?id=364464 The Tribunal allowed the appellant's appeal regarding the availment of Cenvat credit on bank and financial services. The penalty imposed was reversed as the situation was revenue-neutral. Despite technical objections on the bank's certificate, the appellant was entitled to the credit. The denial of credit due to service tax payment by the head office under reverse charge mechanism was rectified by subsequent registration as ISD, allowing the appellant to avail the credit. The Tribunal overturned the penalty and emphasized that procedural lapses should not hinder the appellant's substantive rights to Cenvat credit. en-us Fri, 25 May 2018 00:00:00 +0530 Tue, 31 Jul 2018 07:43:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364464 The Tribunal allowed the appellant's appeal regarding the availment of Cenvat credit on bank and financial services. The penalty imposed was reversed as the situation was revenue-neutral. Despite technical objections on the bank's certificate, the appellant was entitled to the credit. The denial of credit due to service tax payment by the head office under reverse charge mechanism was rectified by subsequent registration as ISD, allowing the appellant to avail the credit. The Tribunal overturned the penalty and emphasized that procedural lapses should not hinder the appellant's substantive rights to Cenvat credit. Case-Laws Central Excise Fri, 25 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364464