2018 (2) TMI 678

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....t Appellant, M/s Ravi Dyeware Co Ltd, a manufacturer of dyes, was proceeded against for recovery of Rs. 7,37,045 alleged to have been availed as CENVAT credit between 2006 and 2011 for distribution by the head office, registered as 'input service distributor', without excluding that proportion of tax paid on input services attributable to 'trading' in goods which, being an exempt activity, was ....

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....ation in rule 2(e) of CENVAT Credit Rules, 2004 with effect from the 1st March 2011 was intended to be prospective. 4. Heard Learned Authorized Representative. 5. There is no dispute that the headquarters of the appellant carries on trading and that the services procured there cannot but have been used in relation to trading also. The appellant has failed to maintain separate set of accounts....