https://www.taxtmi.com/caselaws?id=426638 The Tribunal set aside the Commissioner's order, allowing the appeal. The demands of Rs. 28,56,667 and Rs. 5,98,82,040, along with interest and penalty, were deemed unsustainable. The Tribunal ruled that trading did not qualify as an 'exempted service' before 01.04.2011 and that the Explanation added to Rule 2(e) of the CENVAT Credit Rules in 2011 had prospective effect. Consequently, the appellant succeeded in challenging the demands and associated penalties and interest. en-us Thu, 18 Aug 2022 00:00:00 +0530 Mon, 22 Aug 2022 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426638 The Tribunal set aside the Commissioner's order, allowing the appeal. The demands of Rs. 28,56,667 and Rs. 5,98,82,040, along with interest and penalty, were deemed unsustainable. The Tribunal ruled that trading did not qualify as an 'exempted service' before 01.04.2011 and that the Explanation added to Rule 2(e) of the CENVAT Credit Rules in 2011 had prospective effect. Consequently, the appellant succeeded in challenging the demands and associated penalties and interest. Case-Laws Service Tax Thu, 18 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426638