https://www.taxtmi.com/caselaws?id=447524 CESTAT Bangalore modified the demand against the appellant regarding CENVAT credit disputes. The tribunal upheld confirmation of inadmissible credit of Rs.79,22,225/- related to trading activities, following HC precedents that credit cannot be claimed for exempt services without separate account maintenance. Extended limitation period was justified as the assessee was aware of improper claims. However, the tribunal set aside demand of Rs.15,83,168/- for credit availed before ISD registration, treating it as procedural irregularity per Karnataka HC ruling. The appellant received 25% penalty reduction benefit under Section 11AC. en-us Wed, 20 Dec 2023 00:00:00 +0530 Thu, 28 Dec 2023 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447524 CESTAT Bangalore modified the demand against the appellant regarding CENVAT credit disputes. The tribunal upheld confirmation of inadmissible credit of Rs.79,22,225/- related to trading activities, following HC precedents that credit cannot be claimed for exempt services without separate account maintenance. Extended limitation period was justified as the assessee was aware of improper claims. However, the tribunal set aside demand of Rs.15,83,168/- for credit availed before ISD registration, treating it as procedural irregularity per Karnataka HC ruling. The appellant received 25% penalty reduction benefit under Section 11AC. Case-Laws Central Excise Wed, 20 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447524