https://www.taxtmi.com/caselaws?id=467484 Cenvat credit distributed by an Input Service Distributor on services attributable to trading activity is governed by the Cenvat Credit Rules, including the distribution, recovery, interest and penalty provisions. Notification No. 3/2011-C.E. changed the treatment of trading activity from 1 April 2011 and applies prospectively. Accordingly, credit attributable to trading activity for periods before that date cannot be disallowed solely under the amended treatment. For periods from 1 April 2011 onwards, liability must be quantified under the notification. Demands relating to the pre-amendment period are set aside, while quantification for the post-amendment period is to be undertaken by the adjudicating authority. 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 Cenvat credit distributed by an Input Service Distributor on services attributable to trading activity is governed by the Cenvat Credit Rules, including the distribution, recovery, interest and penalty provisions. Notification No. 3/2011-C.E. changed the treatment of trading activity from 1 April 2011 and applies prospectively. Accordingly, credit attributable to trading activity for periods before that date cannot be disallowed solely under the amended treatment. For periods from 1 April 2011 onwards, liability must be quantified under the notification. Demands relating to the pre-amendment period are set aside, while quantification for the post-amendment period is to be undertaken by the adjudicating authority. Case-Laws Central Excise Wed, 10 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467484