2015 (5) TMI 533

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Mr S Teli, AR ORDER Per: B S V Murthy: The issue involved in the present appeal is eligibility of a manufacturer availing CENVAT credit of input services with respect to trading activity undertaken by them during the period before 1.4.2011. In the impugned order it has been held that appellant had taken and utilized CENVAT credit of Rs. 6,88,567/- during the period from October 2006 to Ma....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....oviding both taxable and exempted services. He submits that since the requirement of 20% was taken off in 2008, the appellant would be required to pay only interest for the relevant period since the CENVAT credit becomes admissible thereafter. We find ourselves in agreement with this stand. 3. As regards the amount of more than Rs. 2.14 crores from April 2009 to March 2011, he submits that duri....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..... The data given by the appellant for this period has been accepted and accordingly the appellants have calculated the proportionate credit payable as Rs. 9,26,481/- and balance payable is Rs. 6,09,728/- if the entire trading value is taken for the purpose of calculation. In our opinion, prima facie the entire trading value has to be taken. In view of the above discussion, the appellant is directe....