https://www.taxtmi.com/caselaws?id=379117 The appellate tribunal ruled that the appellant was required to reverse the proportionate cenvat credit for trading activities for the normal period along with interest. The penalty imposed was set aside, and the appeal was allowed with consequential benefits. The judgment clarified liability under Rule 6(3A) of the Cenvat Credit Rules and addressed the validity of the extended period of limitation, emphasizing the absence of stipulation for retrospective application and the need for explicit provisions for increasing tax liability retrospectively. The tribunal found that the elements for invoking the extended period were not present, thus determining it was not applicable in this case. en-us Wed, 27 Mar 2019 00:00:00 +0530 Sun, 28 Apr 2019 12:08:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379117 The appellate tribunal ruled that the appellant was required to reverse the proportionate cenvat credit for trading activities for the normal period along with interest. The penalty imposed was set aside, and the appeal was allowed with consequential benefits. The judgment clarified liability under Rule 6(3A) of the Cenvat Credit Rules and addressed the validity of the extended period of limitation, emphasizing the absence of stipulation for retrospective application and the need for explicit provisions for increasing tax liability retrospectively. The tribunal found that the elements for invoking the extended period were not present, thus determining it was not applicable in this case. Case-Laws Service Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379117