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2019 (11) TMI 18 - AT - Service TaxDemand of interest - reversal of credit - whether interest is payable on reversal of credit of ₹ 40,60,683/-? - HELD THAT:- On transfer of business by the appellant to M/s Sodexo Facilities Management Services India Pvt. Ltd., the input service credit lying in the balance as on 30.6.2011 have been transferred following the mandatory provisions prescribed under Rule 10(2) of the CENVAT Credit Rules, 2004. Whatever credit lying in balance, according to the learned C.A., was relating to input service credit. In support, they have referred to the invoices enclosed with appeal paper book. No contrary evidence is placed by the Department. In these circumstances, insisting to follow the procedure of transfer of credit laid down under Rule 10(3) and applicable to input and capital goods, is unwarranted and incorrect when input service credit is transferred. Appeal allowed - decided in favor of appellant.
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