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2017 (9) TMI 1431 - AT - Central ExciseCENVAT credit - common input services for finished goods as well as trading activities - whether the appellant is required to reverse the Cenvat credit availed on three common input services which are utilized for discharging duty liability on the finished goods as well as for trading activities? - time limitation - Held that: - even prior to 01.04.2011 trading activity has to be considered as exempted services is the law settled as on date; and even extended period can be invoked in such a situation wherein demands are raised. In view of this on the question of merits as also on limitation, the appeal fails. As regards computation of the demand on duty which has been confirmed by the adjudicating authority as 13, 62,622 which has been partly paid, the adjudicating authority should reconsider the computation based upon the explanation Rule 6(3D)(C) of the Cenvat Credit Rules, 2004, in its correct perspective and arrive at the exact amount that needs to be reversed by the appellant. Appeal allowed by way of remand.
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