2015 (11) TMI 716 - AT - Service Tax

CENVAT Credit - whether the service tax credit of one unit of the ISD distributed by it to the appellant makes the appellant eligible to such credit - Held that - Tribunal by the Order 2015 (11) TMI 681 - CESTAT CHENNAI has held that it is not necessary that the credit earned by one Unit need be consumed by that Unit only but can be transferred to the other Unit by ISD for consumption. - In absence of any dispute as to the earning of the credit distribution thereof is not deniable. - Decided in favour of assessee.

Summary

The issue was whether the service tax credit distributed by one unit of the ISD to the appellant makes the appellant eligible for such credit. The Tribunal held that the credit earned by one unit can be transferred to another unit for consumption. The appeal was allowed, and the stay application was disposed of.