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2012 (8) TMI 596 - AT - Central ExciseInput services - Cenvat Credit Scheme was amended by new Cenvat Credit Rules, 2004, effective from 10-9-2004 by which they were allowed to take Cenvat credit of Service tax paid on input services – Held that:-Asse ssee had taken insurance of their plant and machinery and paid service tax on such insurance against bills dated prior to 10-9-2004 - credit is taken contrary to provisions in Rule 9(1)(f) of Cenvat Credit Rules, 2004 - assessee has taken proportionate credit by adopting their own interpretation without intimation to department would justify to consider this as a case of mis-representation and suppression to invoke extended period for demanding the excess credit availed and utilized
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