https://www.taxtmi.com/caselaws?id=461737 Voluntary reversal of proportionate Cenvat credit attributable to exempted services, when verified as correct by the adjudicating authority, was treated as sufficient to meet the departmental objection. The Tribunal found no reason to interfere with the Commissioner's order because the assessee had reversed the common input service credit with interest and the calculation had been accepted on verification. The demand based on non-maintenance of separate accounts therefore did not survive, and the departmental challenge was rejected. en-us Tue, 10 Oct 2023 00:00:00 +0530 Thu, 24 Apr 2025 18:58:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461737 Voluntary reversal of proportionate Cenvat credit attributable to exempted services, when verified as correct by the adjudicating authority, was treated as sufficient to meet the departmental objection. The Tribunal found no reason to interfere with the Commissioner's order because the assessee had reversed the common input service credit with interest and the calculation had been accepted on verification. The demand based on non-maintenance of separate accounts therefore did not survive, and the departmental challenge was rejected. Case-Laws Service Tax Tue, 10 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461737