2014 (1) TMI 1111

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....ENVAT credit of Rs. 4,76,651/- denied to them on certain input services which were used in trading activity during the period of dispute (April 2006 to March 2011). Towards the said demand, an amount of Rs. 2,74,122/- was paid and the same was appropriated by the original authority. On the amount so paid, the appellant also paid interest of Rs. 1,29,221/- which was also appropriated by the adjudic....

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....issued mainly to deny CENVAT credit on certain input services which were found to have been used by the assessee in trading activities. It alleged that the trading activities were 'exempted services' and hence no CENVAT credit could have been taken on input services used in the trading activities. Thus, the demand raised in the show-cause notice was a demand in terms of Rule 6(1) and not anything ....