2009 (3) TMI 622

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..... t of common input services, the provisions relating to Cenvat Credit Rules are somewhat liberal compared to common inputs - Admittedly, the entire amount of credit attributable to common input services for which separate accounts are not maintained stands reversed - The issues raised by the learned DR would be looked into at the time of final hearing - Held that prima facie, the applicant has made .....

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..... they have not maintained separate accounts. Show cause notices dated 10-8-2007 and 5-10-07 have been issued. Demand of duty of Rs. 1,16,78,402/- has been confirmed and penalty of Rs. 69,32,205/- stands imposed. 3.1 Learned Advocate submits that in respect of 17 services referred in Rule 6(5) of the Cenvat Credit Rules, the law permits non-maintenance of separate accounts and availment of full c .....

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..... riated by the order of the Commissioner. Therefore, he seeks for waiver of pre-deposit of duty and penalty pending disposal of the appeal. 4. Learned DR submits that the applicant has knowingly taken credit and only after being pointed out that they have reversed the credit. Even after reversing the inadmissible credit on 12-9-06, they continue to take the credit for subsequent period. When they .....

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