https://www.taxtmi.com/caselaws?id=451259 CESTAT Mumbai allowed an appeal concerning CENVAT credit disallowance of Rs.1,97,62,992/- for input services used in trading activities. The tribunal held that trading was classified as exempted service only from 01.04.2011 under Chapter V of Finance Act, 1994, while the demand period was prior to this date. Since no provision existed for disallowing CENVAT credit on input services used for trading during the relevant period, the credit disallowance was set aside and the appeal was allowed. en-us Fri, 22 Mar 2024 00:00:00 +0530 Sat, 23 Mar 2024 08:23:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451259 CESTAT Mumbai allowed an appeal concerning CENVAT credit disallowance of Rs.1,97,62,992/- for input services used in trading activities. The tribunal held that trading was classified as exempted service only from 01.04.2011 under Chapter V of Finance Act, 1994, while the demand period was prior to this date. Since no provision existed for disallowing CENVAT credit on input services used for trading during the relevant period, the credit disallowance was set aside and the appeal was allowed. Case-Laws Central Excise Fri, 22 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451259