https://www.taxtmi.com/caselaws?id=302215 The Tribunal allowed the appeal, setting aside the demand and penalty under Section 73 (1) of the Finance Act, 1994. It concluded that the appellant, a freight forwarder, was not liable to reverse an amount under rule 6(3) of CCR on ocean freight. The Tribunal clarified that ocean freight was not taxable before 01.07.2012 and was exempted thereafter, based on the definition of exempted service. Rule 14 of CCR 2004 for recovery of Cenvat Credit was deemed inapplicable as there was no allegation of wrongly taken credit. The appellant was granted consequential benefits, with the extended period for demand deemed unjustified. en-us Wed, 08 May 2019 00:00:00 +0530 Wed, 11 May 2022 08:32:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302215 The Tribunal allowed the appeal, setting aside the demand and penalty under Section 73 (1) of the Finance Act, 1994. It concluded that the appellant, a freight forwarder, was not liable to reverse an amount under rule 6(3) of CCR on ocean freight. The Tribunal clarified that ocean freight was not taxable before 01.07.2012 and was exempted thereafter, based on the definition of exempted service. Rule 14 of CCR 2004 for recovery of Cenvat Credit was deemed inapplicable as there was no allegation of wrongly taken credit. The appellant was granted consequential benefits, with the extended period for demand deemed unjustified. Case-Laws Service Tax Wed, 08 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302215