https://www.taxtmi.com/caselaws?id=467484 The note addresses Cenvat credit distribution by a Head Office acting as an Input Service Distributor and the impact of Notification No. 3/2011-C.E. on credits attributable to trading activity. It explains entitlement and procedural framework under the Cenvat Credit Rules governing distribution, adjudication, recovery, interest and penalty. The amendment treating trading activity takes effect prospectively from 01.04.2011, so credits attributable to trading before that date cannot be disallowed on the basis of the amendment, while credits from 01.04.2011 onward require quantification by the adjudicating authority under the amended regime. en-us Wed, 10 Jul 2024 00:00:00 +0530 Fri, 20 Mar 2026 18:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467484 The note addresses Cenvat credit distribution by a Head Office acting as an Input Service Distributor and the impact of Notification No. 3/2011-C.E. on credits attributable to trading activity. It explains entitlement and procedural framework under the Cenvat Credit Rules governing distribution, adjudication, recovery, interest and penalty. The amendment treating trading activity takes effect prospectively from 01.04.2011, so credits attributable to trading before that date cannot be disallowed on the basis of the amendment, while credits from 01.04.2011 onward require quantification by the adjudicating authority under the amended regime. Case-Laws Central Excise Wed, 10 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467484