Cenvat Credit Rules, 2004. Such services, of which
eligibility as input service for availing cenvat credit is to be decided,
are collectively mentioned hereunder ... Cenvat Credit Rules, 2004.
Therefore the noticee is entitled and has correctly availed cenvat
credit available on all the eleven services under the Cenvat Credit
steel was available to
them as they qualified as inputs as defined under
the Cenvat Credit Rules, 2004. A second show
cause notice ... appellant, the submissions
in the show cause notice replies on input and
input services were reiterated.
3. The Commissioner of Central Excise,
Rajkot vide common
interpreting Rule 5 of Cenvat Credit Rules along with Sub
Rule 2 (1) pertaining to definition of "input service" while
interpreting words ... input or input service used in the manufacture of
final product, which is cleared for export?"
3. The recovery of Cenvat credit
circumstances of the case, the
CESTAT is justified in allowing the Cenvat credit availed by the
respondent in respect of service tax paid on Goods ... covered within the definition of
"input service" provided in rule 2(l) of the Cenvat Credit Rules,
2004.
This Tax Appeal is, therefore
follow
provision of Rule 6(3) of Cenvat Credit Rules, 2004 for
Cenvat Credit taken on common inputs/input serves
used in the manufacture ... duty under Rule 14 read with Rule 6(3)(i) of
the Cenvat Credit Rules, 2004 with interest and levy of
penalty under the Cenvat
Dolphy D'souza). Therefore, for
the purposes of AS2, Cenvat credits should not be
included in the cost of purchase of inventories. Even ... ICAI) has
issued guidance note on accounting treatment for
Cenvat/Modvat under which the inputs consumed and
the inventory of inputs should be valued
Cenvat Credit Rules, 2004. The prescribed
formula is reproduced below:-
(Export turnover of goods + Export turnover of services) x Net CENVAT
Refund Amount = Total turnover ... Rule 5 of the Cenvat
Credit Rules, 2004. There is no evidence on
record that appellant has taken any input service
tax with respect
respondent was not required to
reverse the Cenvat Credit availed of central
excise duty paid on inputs and contained in the
finished goods, which
order of recovery of interest
on wrongful availment of Cenvat credit
on inputs?
(2)Whether in the facts and
circumstances of the case, the Tribunal ... error of law in holding that
interest on Cenvat credit availed of was
not sustainable though inputs used in
manufacture of finished goods were
follow
provision of Rule 6(3) of Cenvat Credit Rules, 2004 for
Cenvat Credit taken on common inputs/input services
used in the manufacture ... duty under Rule 14 read with Rule 6(3)(i)
of the Cenvat Credit Rules, 2004 with interest and levy
of penalty under the Cenvat
