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2017 (9) TMI 1373 - AT - Central ExciseCENVAT credit - input services - services used attributable to trading activity - Held that: - the issue is squarely covered by the decision of the Tribunal in Godfrey Phillips India Ltd. & Ors. [2016 (12) TMI 436 - CESTAT MUMBAI], where it was held that The said credit needs to be reversed in proportion to the trading turnover and the total turnover - demand of reversal of cenvat credit is sustained. Extended period of limitation - Penalty - Held that: - in the case of Godfrey Phillips India Ltd., it was seen that The appellants have not reversed any credit on their own and only when they were investigated that they have reversed as per their own calculation. There was no doubt regarding liability to reverse, extended period and penalty upheld - Relying on the said decision, penalty and the extended period of limitation is also upheld. Appeal allowed - decided in favor of Revenue.
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