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2018 (10) TMI 325 - AT - Service TaxCENVAT Credit - certain common input services that were used / utilized in or in relation to their trading activity also - non-maintenance of separate records - extended period of limitation. Held that:- The Department was very well aware of the trading activity carried out by the appellant because the details of trading was available in the balance sheet of the appellant during the relevant period, on the basis of which, the demand has been raised. Therefore there is no suppression of facts on the part of the appellant with intent to evade payment of tax. Further it is found that the period involved in all the appeals is prior to the amendment effected in Rule 2(e) of the CCRS, 2004. The demand for the longer period is set aside and the appellants are liable to reverse the CENVAT along with interest only for the normal period - penalty also set aside - appeal disposed off.
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