2025 (5) TMI 1995

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.... for providing the services under the category of banking and other financial services, business auxiliary service, credit card, debit card, charge card and other payment cards related services. During the course of audit, it was found that the appellant has wrongly availed Cenvat Credit of Education Cess, S&H Education Cess, Swatch Bharat Cess and Krishi Kalyan Cess. Accordingly, a show cause notice for disallowing the wrongly availed Cenvat Credit was issued to the appellant alongwith interest and imposition of penalty. After following the due process, the original authority confirmed the demand of wrongly availed Cenvat Credit of Cesses amounting to Rs.2,20,218/- under Section 73 of the Finance Act, 1994 and ordered recovery thereof alon....

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.... regard to identical issue in the case of appellant's different branch at Hoshiarpur, the Commissioner (Appeals) Ludhiana vide its O-I-A dated 31.08.2023, has set aside the demand by relying upon the decision of the Tribunal in Punjab National Bank vs. CCE, Meerut-I (supra)'s case. 5. On the other hand, the learned Authorized Representative for the department reiterates the findings of the impugned order. 6. After considering the submissions made by both the parties and perusal of the material on record, I find that the identical issue has been decided by the Tribunal in the case of Punjab National Bank vs. CCE, Meerut-I (supra) wherein after considering the various provisions, the Tribunal has held as under: "5. ....... In this case, t....