https://www.taxtmi.com/caselaws?id=786854 For the period before 01-04-2011, trading did not constitute an exempted service within the CENVAT Credit Rules, 2004 because the Explanation inserting trading into the definition of exempted services was substantive and operates prospectively from its effective date; consequently the obligation in rule 6 to neutralise or reverse credit attributable to exempted services did not apply for the relevant earlier period. Distributed input service credit held proper on availment does not itself create an immediate recovery; the matter is remitted to the original authority for fresh ascertainment limited to any enforceable recovery. en-us Wed, 24 Sep 2025 00:00:00 +0530 Sat, 21 Feb 2026 09:29:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786854 For the period before 01-04-2011, trading did not constitute an exempted service within the CENVAT Credit Rules, 2004 because the Explanation inserting trading into the definition of exempted services was substantive and operates prospectively from its effective date; consequently the obligation in rule 6 to neutralise or reverse credit attributable to exempted services did not apply for the relevant earlier period. Distributed input service credit held proper on availment does not itself create an immediate recovery; the matter is remitted to the original authority for fresh ascertainment limited to any enforceable recovery. Case-Laws Central Excise Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786854