https://www.taxtmi.com/caselaws?id=401617 The Appellate Tribunal CESTAT Hyderabad ruled in favor of the appellant, allowing the distribution of Cenvat Credit for Education Cess and SHE cess taken on Research & Development services to their manufacturing units under Rule 7 of the Cenvat Credit Rules, 2004. The judgment emphasized the importance of research and development in the pharmaceutical industry, recognizing its integral role in product quality and marketability. This decision sets a precedent for distributing Cenvat Credit in industries where research and development are crucial for manufacturing processes, ensuring consistency in tax law application within specialized sectors like pharmaceuticals. en-us Wed, 09 Dec 2020 00:00:00 +0530 Fri, 11 Dec 2020 13:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401617 The Appellate Tribunal CESTAT Hyderabad ruled in favor of the appellant, allowing the distribution of Cenvat Credit for Education Cess and SHE cess taken on Research & Development services to their manufacturing units under Rule 7 of the Cenvat Credit Rules, 2004. The judgment emphasized the importance of research and development in the pharmaceutical industry, recognizing its integral role in product quality and marketability. This decision sets a precedent for distributing Cenvat Credit in industries where research and development are crucial for manufacturing processes, ensuring consistency in tax law application within specialized sectors like pharmaceuticals. Case-Laws Service Tax Wed, 09 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401617