Department's Demand on Trading Activities Unfounded; Extended Limitation Period Invocation Unjustified Under CENVAT Rules. https://www.taxtmi.com/highlights?id=58498 CENVAT Credit - trading of service (exempted service) - The appellants have been meticulously reversing the proportionate credit attributable to the trading activity. However, the Department has demanded 6%/8% of the value of the trading activity considering the same as an exempted service. - invoking extended period of limitation in such circumstances is unwarranted. - AT en-us Fri, 25 Jun 2021 07:48:10 +0530 Fri, 25 Jun 2021 07:48:10 +0530 TaxTMI RSS Generator Department's Demand on Trading Activities Unfounded; Extended Limitation Period Invocation Unjustified Under CENVAT Rules. https://www.taxtmi.com/highlights?id=58498 CENVAT Credit - trading of service (exempted service) - The appellants have been meticulously reversing the proportionate credit attributable to the trading activity. However, the Department has demanded 6%/8% of the value of the trading activity considering the same as an exempted service. - invoking extended period of limitation in such circumstances is unwarranted. - AT Highlights Service Tax Fri, 25 Jun 2021 07:48:10 +0530 https://www.taxtmi.com/highlights?id=58498