https://www.taxtmi.com/caselaws?id=366030 Excess imported manganese ore originally procured for manufacture and mostly consumed in production was not treated as trading activity merely because the surplus was later sold. The analysis distinguished clearance of inputs as such from trading, noting that trading requires buying, stocking, storing and reselling goods as a commercial activity. As the record showed procurement for consumption and no finding that the goods were bought for trading or that the clearances constituted exempted services, no reversal or payment under the CENVAT Credit regime was warranted. The demand raised on a trading basis was therefore unsustainable. en-us Thu, 26 Jul 2018 00:00:00 +0530 Wed, 29 Aug 2018 06:15:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366030 Excess imported manganese ore originally procured for manufacture and mostly consumed in production was not treated as trading activity merely because the surplus was later sold. The analysis distinguished clearance of inputs as such from trading, noting that trading requires buying, stocking, storing and reselling goods as a commercial activity. As the record showed procurement for consumption and no finding that the goods were bought for trading or that the clearances constituted exempted services, no reversal or payment under the CENVAT Credit regime was warranted. The demand raised on a trading basis was therefore unsustainable. Case-Laws Central Excise Thu, 26 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366030