https://www.taxtmi.com/caselaws?id=423836 The Tribunal ruled in favor of the appellant, M/s. Vodafone Cellular Ltd., in a case concerning the reversal of credit on capital goods following a demerger and transfer of Passive Infrastructure Assets (PIA) to a new legal entity. The Tribunal held that as there was no physical removal of the capital goods and they continued to be used for output services, the appellant was not liable to reverse the credit under Rule 3(5) of CENVAT Credit Rules, 2004. The decision was based on the interpretation of the rule and relevant judicial precedents, ultimately relieving the appellant from the demand to reverse the CENVAT credit. en-us Mon, 13 Jun 2022 00:00:00 +0530 Thu, 16 Jun 2022 09:14:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423836 The Tribunal ruled in favor of the appellant, M/s. Vodafone Cellular Ltd., in a case concerning the reversal of credit on capital goods following a demerger and transfer of Passive Infrastructure Assets (PIA) to a new legal entity. The Tribunal held that as there was no physical removal of the capital goods and they continued to be used for output services, the appellant was not liable to reverse the credit under Rule 3(5) of CENVAT Credit Rules, 2004. The decision was based on the interpretation of the rule and relevant judicial precedents, ultimately relieving the appellant from the demand to reverse the CENVAT credit. Case-Laws Service Tax Mon, 13 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423836