2010 (2) TMI 359

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..... foreclosure charges which were exempted services and since the assessees were not maintaining separate accounts as required in terms of Rule 6(2) of the Cenvat Credit Rules, 2004, their eligibility to credit was restricted to 20% of the amount of the service tax payable, as per Rule 6(3)(c) of the above Rules. Held that- the assessees are not rendering any exempted service so as to come within th .....

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..... financing of vehicles and foreclosure charges which were exempted services and since the assessees were not maintaining separate accounts as required in terms of Rule 6(2) of the Cenvat Credit Rules, 2004, their eligibility to credit was restricted to 20% of the amount of the service tax payable, as per Rule 6(3)(c) of the above Rules. 2. We find prima facie force in the submission that in view .....

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