https://www.taxtmi.com/caselaws?id=419658 The Tribunal dismissed the appeal against the Cenvat demand, upholding the adjudicating authority's decision on disallowance of Cenvat Credit. However, it found that the denial of Cenvat Credit for trading activities was incorrect during the relevant period, allowing the appeal with consequential reliefs. Penalties imposed were reviewed, with the Tribunal considering precedents allowing Cenvat Credit for common services used in both taxable services and trading activities. The Tribunal's decision provided clarity on the eligibility of Cenvat Credit under the Cenvat Credit Rules, offering relief to the appellant in accordance with the law. en-us Tue, 15 Mar 2022 00:00:00 +0530 Wed, 19 Jun 2024 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419658 The Tribunal dismissed the appeal against the Cenvat demand, upholding the adjudicating authority's decision on disallowance of Cenvat Credit. However, it found that the denial of Cenvat Credit for trading activities was incorrect during the relevant period, allowing the appeal with consequential reliefs. Penalties imposed were reviewed, with the Tribunal considering precedents allowing Cenvat Credit for common services used in both taxable services and trading activities. The Tribunal's decision provided clarity on the eligibility of Cenvat Credit under the Cenvat Credit Rules, offering relief to the appellant in accordance with the law. Case-Laws Service Tax Tue, 15 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419658