https://www.taxtmi.com/caselaws?id=763255 CESTAT Kolkata allowed the appeal, setting aside demands for reversal of input service credit worth Rs. 1,17,41,737. The tribunal held that trading was not an exempted service during the disputed period (2007-08 to 2010-11), as it was categorized as exempted only from April 1, 2011. Multiple notices invoking extended limitation period were deemed unsustainable per SC precedent in Nizam Sugar Factory case. CENVAT credit denial on procedural grounds was rejected when actual receipt and utilization of services were undisputed. Enhanced penalty was set aside as credit availment was held legitimate. en-us Fri, 13 Dec 2024 00:00:00 +0530 Mon, 16 Dec 2024 12:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763255 CESTAT Kolkata allowed the appeal, setting aside demands for reversal of input service credit worth Rs. 1,17,41,737. The tribunal held that trading was not an exempted service during the disputed period (2007-08 to 2010-11), as it was categorized as exempted only from April 1, 2011. Multiple notices invoking extended limitation period were deemed unsustainable per SC precedent in Nizam Sugar Factory case. CENVAT credit denial on procedural grounds was rejected when actual receipt and utilization of services were undisputed. Enhanced penalty was set aside as credit availment was held legitimate. Case-Laws Central Excise Fri, 13 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763255