2020 (2) TMI 1367

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....Y, MEMBER (JUDICIAL) AND HON'BLE Mr. P.V. SUBBA RAO, MEMBER (TECHNICAL) Shri K. Sivarajan & Shri Rhul Banani, Advocates for the Appellant Shri B. Guna Ranjan, Supdt. Authorized Representative for the Respondent ORDER PER: MR. S.K. MOHANTY This appeal is directed against the impugned order dated 25.03.2009 passed by the Ld. Commissioner of Customs, Central Excise & Service Tax, Hyder....

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....ices viz. telephone, car hire charges, couriers and air travel tickets etc., and did not maintain separate accounts as envisaged under Rule 6 of the Cenvat Credit Rules, 2004. Accordingly, the department initiated show cause proceedings against the appellant, which culminated into the impugned order dated 25.03.2009, wherein the Ld. Adjudicating authority has confirmed cenvat demand of Rs. 4,83,65....

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....trading activities. Further, he also submitted that the input service credit attributable to the trading activities was reversed by the appellant, based on the records maintained under Rule 6 (2) ibid. Thus, he submitted that the impugned order cannot be sustained. 4. On the other hand, the Ld. AR appearing for the Revenue reiterated the finding recorded in the impugned order. 5. Heard both ....

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....r Magnet Wires (P) Ltd. Vs. Collector of Central Excise, Nagpur - 2002-TIOL-41-SC-CX have ruled that on reversal of credit, the assessee cannot be said to have taken credit of duty on the inputs utilized in the manufacture of exempted final products. However, the appellant is liable to compensate the government exchequer by paying the interest amount between the period of taking Cenvat credit on t....