https://www.taxtmi.com/caselaws?id=750673 CESTAT Bangalore allowed the appeal by remand in a CENVAT credit dispute involving trading activities from July 2014 to June 2017. The appellant traded goods and availed common input services without maintaining separate accounts for dutiable and exempted services. The tribunal held that Rule 6(3A) of CCR 2004 provides taxpayers the option to reverse proportionate credit with interest when common credit is availed on both dutiable and exempted goods/services. The revenue cannot deny this statutory option to the appellant. The matter was remanded to verify whether the appellant had reversed the entire proportionate credit along with 15% interest as required under the rules. en-us Mon, 25 Mar 2024 00:00:00 +0530 Thu, 28 Mar 2024 08:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750673 CESTAT Bangalore allowed the appeal by remand in a CENVAT credit dispute involving trading activities from July 2014 to June 2017. The appellant traded goods and availed common input services without maintaining separate accounts for dutiable and exempted services. The tribunal held that Rule 6(3A) of CCR 2004 provides taxpayers the option to reverse proportionate credit with interest when common credit is availed on both dutiable and exempted goods/services. The revenue cannot deny this statutory option to the appellant. The matter was remanded to verify whether the appellant had reversed the entire proportionate credit along with 15% interest as required under the rules. Case-Laws Central Excise Mon, 25 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750673