https://www.taxtmi.com/caselaws?id=773466 CESTAT Bangalore ruled on computation of proportional reversal of cenvat credit under Rule 6(3A) of Cenvat Credit Rules, 2004. The Tribunal held that total cenvat credit for reversal formula includes only common input services, not credits exclusively used for taxable services. Following coordinate bench precedents and Tax Research Unit Circular dated February 29, 2016, the amendment was deemed clarificatory and retrospective. Appellant's reversal of Rs.4,64,55,214/- with interest was upheld as correct. Balance demand was set aside and penalty waived since payment was made prior to show-cause notice. Appeal disposed. en-us Tue, 01 Apr 2025 00:00:00 +0530 Tue, 24 Jun 2025 08:25:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773466 CESTAT Bangalore ruled on computation of proportional reversal of cenvat credit under Rule 6(3A) of Cenvat Credit Rules, 2004. The Tribunal held that total cenvat credit for reversal formula includes only common input services, not credits exclusively used for taxable services. Following coordinate bench precedents and Tax Research Unit Circular dated February 29, 2016, the amendment was deemed clarificatory and retrospective. Appellant's reversal of Rs.4,64,55,214/- with interest was upheld as correct. Balance demand was set aside and penalty waived since payment was made prior to show-cause notice. Appeal disposed. Case-Laws Service Tax Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773466