https://www.taxtmi.com/caselaws?id=393002 The Tribunal ruled in favor of the appellant regarding the eligibility of CENVAT credit on common input services under Rule 6(5) of CENVAT Credit Rules, 2004, the calculation of proportionate CENVAT credit attributable to trading of imported cars, and the inclusion of sale of scrap and value of taxable output services in the credit reversal calculation. The Tribunal also held that the extended period of limitation did not apply to the first Show Cause Notice period. Consequently, the imposition of penalty on the appellant was deemed unwarranted, leading to a modification of the impugned orders and a remand for redetermination of the CENVAT credit quantum without penalty imposition. en-us Fri, 31 Jan 2020 00:00:00 +0530 Wed, 04 Mar 2020 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393002 The Tribunal ruled in favor of the appellant regarding the eligibility of CENVAT credit on common input services under Rule 6(5) of CENVAT Credit Rules, 2004, the calculation of proportionate CENVAT credit attributable to trading of imported cars, and the inclusion of sale of scrap and value of taxable output services in the credit reversal calculation. The Tribunal also held that the extended period of limitation did not apply to the first Show Cause Notice period. Consequently, the imposition of penalty on the appellant was deemed unwarranted, leading to a modification of the impugned orders and a remand for redetermination of the CENVAT credit quantum without penalty imposition. Case-Laws Central Excise Fri, 31 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393002