9911796707
TMI Blog2014 (1) TMI 1111X X X X Extracts X X X X X X X X Extracts X X X X ..... CENVAT credit of Rs. 4,76,651/- denied to them on certain input services which were used in trading activity during the period of dispute (April 2006 to March 2011). Towards the said demand, an amount of Rs. 2,74,122/- was paid and the same was appropriated by the original authority. On the amount so paid, the appellant also paid interest of Rs. 1,29,221/- which was also appropriated by the adjudi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... issued mainly to deny CENVAT credit on certain input services which were found to have been used by the assessee in trading activities. It alleged that the trading activities were 'exempted services' and hence no CENVAT credit could have been taken on input services used in the trading activities. Thus, the demand raised in the show-cause notice was a demand in terms of Rule 6(1) and not anything ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s during the material period. In this view of the matter, denial of CENVAT credit of Rs. 4,76,651/- cannot be faulted. Towards this demand, an amount of Rs. 2,74,122/- has already been paid. The appellant is therefore directed to predeposit the balance amount [rounded off to Rs. 2,00,000/- (rupees two lakhs only) for the present purpose] within six weeks and report compliance to the Dy. Registrar ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
