2014 (8) TMI 886

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....Meena Addl. Commissioner (A.R.) PER : P R Chandrasekharan The appeal and stay petition are directed against Order-in-Original No. 69/SK/M-I/2013-14 dated 12/03/2014 passed by the Commissioner of Central Excise, Mumbai-I Commissionerate. 2. Vide the impugned order, the learned adjudicating authority has confirmed a service tax demand of Rs. 1.01 crore along with interest thereon and also imposin....

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....o 86.57%. This was also done due to rounding off. The excess credit availed in 2008-09 amounted to Rs. 1.01 crore while the short credit availed during the year 2009-10 amounted to Rs. 1.11 crore. The department issued notice to the appellant vide notice dated 23/04/2012 relying on the details given by the appellant vide letter dated 20/10/2011 and the audit report dated 12/11/2012. The learned co....

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....f taxable services as well as exempted services and no separate records are maintained, then credit attributable to the exempted service has to be reversed as per the procedure prescribed under sub-rule (3A) of Rule 6. As per the said sub-rule, the credit has to be reversed provisionally every month and such credit reversal has to be finalised at the end of the year. There is no provision in the s....