https://www.taxtmi.com/caselaws?id=757291 CESTAT Chandigarh dismissed the appeal regarding CENVAT credit reversal for trading activities. The dispute period was 01.04.2011 to 31.03.2012, when N/N. 03/2011-CE amended the definition of exempted service to include trading activities. The appellant accepted liability to reverse CENVAT credit but disputed the quantum - claiming Rs. 2,00,455/- versus department's calculation of Rs. 2,70,184/-. Applying Rule 6(3A) formula of CENVAT Credit Rules, 2004, the tribunal upheld the department's calculation of Rs. 2,70,184/- as proportionate credit to be reversed, finding no infirmity in lower authorities' orders. en-us Tue, 20 Aug 2024 00:00:00 +0530 Wed, 21 Aug 2024 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757291 CESTAT Chandigarh dismissed the appeal regarding CENVAT credit reversal for trading activities. The dispute period was 01.04.2011 to 31.03.2012, when N/N. 03/2011-CE amended the definition of exempted service to include trading activities. The appellant accepted liability to reverse CENVAT credit but disputed the quantum - claiming Rs. 2,00,455/- versus department's calculation of Rs. 2,70,184/-. Applying Rule 6(3A) formula of CENVAT Credit Rules, 2004, the tribunal upheld the department's calculation of Rs. 2,70,184/- as proportionate credit to be reversed, finding no infirmity in lower authorities' orders. Case-Laws Service Tax Tue, 20 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757291