https://www.taxtmi.com/caselaws?id=754499 CESTAT Chennai allowed the appeal regarding input service credit for consultancy services availed from EVIPL for trading carbon credit points. The Revenue denied credit claiming it was unconnected with manufacturing or output services. The tribunal held that R-23 gas is a natural by-product of R-22 manufacture, destroyed per Kyoto protocol norms, making the manufacturer eligible for carbon credits. Following Delhi Bench precedent in SHREE BHAWANI PAPER MILLS case, the tribunal ruled that income from consultancy services need not be subject to excise or service tax. The credit claimed was lawful and denial was improper. en-us Tue, 25 Jun 2024 00:00:00 +0530 Tue, 25 Jun 2024 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754499 CESTAT Chennai allowed the appeal regarding input service credit for consultancy services availed from EVIPL for trading carbon credit points. The Revenue denied credit claiming it was unconnected with manufacturing or output services. The tribunal held that R-23 gas is a natural by-product of R-22 manufacture, destroyed per Kyoto protocol norms, making the manufacturer eligible for carbon credits. Following Delhi Bench precedent in SHREE BHAWANI PAPER MILLS case, the tribunal ruled that income from consultancy services need not be subject to excise or service tax. The credit claimed was lawful and denial was improper. Case-Laws Central Excise Tue, 25 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754499