TMI Blog2024 (1) TMI 723X X X X Extracts X X X X X X X X Extracts X X X X ..... empted service along with interest - HELD THAT:- There isno dispute regarding proportionate reversal of cenvat credit along with interest attributed to the value of exempted service i.e. Trading Activity. Therefore, the demand under other option i.e. 5%/6% of the value of exempted service (trading activity) will not sustain as consistently held by various high court and this Tribunal and also by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mpted service i.e. Trading Activity in the admitted fact that the respondent have reversed the proportionate credit attributed to such exempted service along with interest. The Adjudicating Authority had dropped the show cause notice on the ground that once the respondent reversed the proportionate credit attributed to exempted service i.e. Trading Activity along with interest, no demand of 5%/6% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sal of the credit and consequently the respondent is required to pay 5%/6% of the value of exempted service. 3. Shri Sudhanshu Bissa, Learned Counsel along with Shri Amal Dave, Learned Counsel appearing for the Respondent, takes support from the impugned order. He further submits that even after passing of the impugned order various judgments were passed wherein it was held that when assessee r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 dated 02/04.08.2021 CCE, Ahd II Vs. Maize Products - 2009 (234) ELT 431 (Guj.) CCE vs. Maan Pharamaceuticals Ltd 2011 (263) ELT 661 (Guj.) Mercedez Benz India (P) Ltd vs. CCE, Pune-I - 2015 (40) STR 381 (Tri. Mumbai) 4. We have carefully considered the submission made by both sides and perused the records. We find that there isno dispute regarding proportionate reversal of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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