https://www.taxtmi.com/caselaws?id=394694 The Tribunal remanded the matter regarding the availing of CENVAT Credit at the Thane unit related to trading activity, emphasizing the need for a proportional reversal of credit. It was held that directing the Thane unit to reverse credits not solely attributable to its activities was incorrect. The decision stressed the importance of clarity in credit utilization and fair allocation based on actual activities. The judgment focused on interpreting Rule 6(3)(i) and ensuring accurate credit allocation based on unit activities. en-us Tue, 01 Oct 2019 00:00:00 +0530 Thu, 18 Feb 2021 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394694 The Tribunal remanded the matter regarding the availing of CENVAT Credit at the Thane unit related to trading activity, emphasizing the need for a proportional reversal of credit. It was held that directing the Thane unit to reverse credits not solely attributable to its activities was incorrect. The decision stressed the importance of clarity in credit utilization and fair allocation based on actual activities. The judgment focused on interpreting Rule 6(3)(i) and ensuring accurate credit allocation based on unit activities. Case-Laws Service Tax Tue, 01 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394694