Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2017 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (5) TMI 1334 - CESTAT AHMEDABADCENVAT credit - common Input Services used both for manufacturing and trading activities - whether proportionate Cenvat Credit on the Input Services that had been used for trading activities is required to be reversed? - Held that: - There is no dispute of the fact that the appellant had reversed proportionate credit supported by Chartered Accountant's certificate dt 03.5.2017 - before the authorities below they have already claimed about such reversal of credit being not considered, at this stage remanding the case to the Adjudicating Authority for verification of the evidences would not serve the purpose. Considering the Chartered Accountant's certificate and the fact that earlier, the appellant claimed proportionate reversal of credit on Common Input Service used in trading services, in my opinion, imposition of penalty is not warranted. Appeal disposed off - decided partly in favor of assessee.
|