Cenvat Credit Rules 2004: No Need for One-to-One Input-Output Service Tax Correlation; SCN Deemed Unsustainable.

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....Utilization of cenvat credit on various input services for payment of output service tax liability for BAS - he scheme of one to one co-relation has been done away with, under the Cenvat Credit Rules, 2004. - SCN is misconceived and not maintainable....