2013 (10) TMI 688

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ER Per P.K. Das; The applicant is engaged in the manufacture of chemical fertilizer. They are also providing taxable output service namely consulting engineering service, erection, commissioning & installation service, maintenance & repair service, business auxiliary service etc. They availed CENVAT credit on the input service on sale of equity shares of the joint venture companies like M/s.....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....l submits that these amounts have not been utilized by them and are still lying in the CENVAT account. 4. On the other hand, the learned AR submits that the sale of equity share cannot be related with any of the output service. He also pointed out that their manufacturing final product was exempted from excise duty during the material period. He further submits that the Commissioner in the impu....