Tribunal Rules: No Payment on Exempt Services Due to Account Issues; Demand for Payment Deemed Unsustainable.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Reversal of Cenvat Credit - Whether the appellant is liable to pay 5% / 6% / 7% of the value of exempted services (trading) as they failed to maintain separate accounts of common inputs availed for taxable services and exempted services? - The tribunal determined that the department could not deny the appellant the option to reverse proportionate credit attributable to trading, even without prior intimation. The demand for payment of 5%, 6%, or 7% of the value of exempted services was found unsustainable.....