https://www.taxtmi.com/caselaws?id=33440 The tribunal granted a waiver of the pre-deposit amounts and stayed the recovery of service tax, penalty, and interest. The decision was based on the appellants' strong prima facie case for complete waiver, highlighting the unsustainable denial of input stage credit on capital goods and other services. The tribunal emphasized the importance of maintaining separate records for input services used in taxable and non-taxable services but noted no such restriction for credit on capital goods under Rule 6 of the Cenvat Credit Rules, 2004. The matter was scheduled for an early final hearing due to the significant amount involved. en-us Tue, 06 Mar 2007 00:00:00 +0530 Fri, 15 May 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33440 The tribunal granted a waiver of the pre-deposit amounts and stayed the recovery of service tax, penalty, and interest. The decision was based on the appellants' strong prima facie case for complete waiver, highlighting the unsustainable denial of input stage credit on capital goods and other services. The tribunal emphasized the importance of maintaining separate records for input services used in taxable and non-taxable services but noted no such restriction for credit on capital goods under Rule 6 of the Cenvat Credit Rules, 2004. The matter was scheduled for an early final hearing due to the significant amount involved. Case-Laws Service Tax Tue, 06 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33440