https://www.taxtmi.com/caselaws?id=376397 The Tribunal allowed the Revenue's appeal, remanding the case for recalculating the refund amount based on the correct formula under the amended Rule 5 of the Cenvat Credit Rules, 2004. The Tribunal emphasized the need to consider the correct export turnover of services and total turnover for accurate calculations, highlighting the distinction between raising invoices and receiving proceeds. The impugned order was set aside, and the case was sent back to the adjudicating authority for proper assessment in accordance with the legal provisions. en-us Thu, 31 Jan 2019 00:00:00 +0530 Fri, 21 Feb 2020 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376397 The Tribunal allowed the Revenue's appeal, remanding the case for recalculating the refund amount based on the correct formula under the amended Rule 5 of the Cenvat Credit Rules, 2004. The Tribunal emphasized the need to consider the correct export turnover of services and total turnover for accurate calculations, highlighting the distinction between raising invoices and receiving proceeds. The impugned order was set aside, and the case was sent back to the adjudicating authority for proper assessment in accordance with the legal provisions. Case-Laws Service Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376397