https://www.taxtmi.com/caselaws?id=34544 Rule 3(5) of the Cenvat Credit Rules, 2004 was construed as requiring payment only of the credit availed on inputs or capital goods removed as such, not reversal of input service credit linked to their transport. On that reading, GTA service tax credit used for transporting the inputs did not fall within the reversal mechanism for removal of inputs as such. The assessee was therefore not required to reverse the GTA credit, and the demand, interest and penalty could not be sustained. en-us Thu, 25 Jun 2009 00:00:00 +0530 Mon, 02 Nov 2009 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34544 Rule 3(5) of the Cenvat Credit Rules, 2004 was construed as requiring payment only of the credit availed on inputs or capital goods removed as such, not reversal of input service credit linked to their transport. On that reading, GTA service tax credit used for transporting the inputs did not fall within the reversal mechanism for removal of inputs as such. The assessee was therefore not required to reverse the GTA credit, and the demand, interest and penalty could not be sustained. Case-Laws Service Tax Thu, 25 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34544