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2018 (4) TMI 1463 - AT - Service TaxCENVAT credit - common input services for rendering taxable service and also were engaged in trading of the goods - rule 6(3A) of CCR 2004 - Held that: - as per the provisions of rule 6(3A), an assessee is required to reverse the CENVAT credit attributable to the exempted service, proportionate as per the formula laid down. If that formula is applied, appellant is required to reverse only that amount of CENVAT credit on the common input services which can be attributed to the trading activity. In the case in hand, appellant having reversed the entire CENVAT credit of the service tax on the common input service stands on a better footing. Appeal allowed - decided in favor of appellant.
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