2015 (10) TMI 1338

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....o, DC (AR) ORDER Per: R Periasami: The short issue involved in this appeal relates to reversal of cenvat credit of Rs. 21,92,560/- which is equivalent to proportional credit availed on trading of goods. The adjudicating authority confirmed the demand and also imposed equal penalty. 2. The Ld. Advocate for the appellant raises a preliminary objection that the appellant is a manufacturin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ntly exempted services. Therefore, for the earlier period to the amendment they are eligible for input service credit. 3. On the other hand, the Ld. DR reiterated the finding of the adjudicating authority. He submits that the adjudicating authority has restricted the demand only to the extent of proportionate cenvat credit in trading of goods. The Tribunal was consistently held that irrespectiv....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sent case it is only proportionate credit has been demanded. 4. I have carefully considered the submissions by both the sides. Prima facie, I find that the issue relates to demanding proportionate credit on the input service credit availed on the trading of goods. There is no doubt that the appellant is a manufacturing unit availed the credit distributed by their ISD. As regards the objection r....