https://www.taxtmi.com/caselaws?id=760864 The HC allowed the appeal regarding CENVAT credit reversal under Rule 6(3A)(c)(iii) of CENVAT Credit Rules, 2004. The court held that only common input services credit taken during the financial year, not total CENVAT credit, should be considered for reversal calculations. The appellant's trading activities were deemed exempted services throughout the dispute period (2013-2015). The court noted that rule amendments in 2016 cured distortions in the old provisions, preventing manufacturers/service providers from paying excess amounts. The impugned order was set aside, and the appellant was granted consequential relief. en-us Thu, 29 Aug 2024 00:00:00 +0530 Thu, 24 Oct 2024 18:05:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760864 The HC allowed the appeal regarding CENVAT credit reversal under Rule 6(3A)(c)(iii) of CENVAT Credit Rules, 2004. The court held that only common input services credit taken during the financial year, not total CENVAT credit, should be considered for reversal calculations. The appellant's trading activities were deemed exempted services throughout the dispute period (2013-2015). The court noted that rule amendments in 2016 cured distortions in the old provisions, preventing manufacturers/service providers from paying excess amounts. The impugned order was set aside, and the appellant was granted consequential relief. Case-Laws Service Tax Thu, 29 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760864