TMI Blog2018 (3) TMI 743X X X X Extracts X X X X X X X X Extracts X X X X ..... n verified to ascertain the factum of reversal and also for comparison with proportion of sales vis-a-vis trading. Without such ascertainment it was inappropriate on the part of the lower authorities to arrive at a conclusion that CENVAT credit was wrongly availed. The matter is remanded back to the original authority to verify the submission of the appellant that CENVAT credit had been reverse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anufacturing of aseptic packaging paper besides trading in packaging material and packaging machinery; in March 2012 they had availed CENVAT credit of tax paid on advertisement services totalling ₹ 2,53,59,430/-. The jurisdiction authorities held them to be ineligible to avail the entire credit owing to commercial benefits derived from advertising for sale of traded goods. Accordingly, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation to the information furnished during the hearing in relation to the form ST-3 returns for the relevant financial year. There is also a finding that the data in the said returns could not be co-related with the inadmissible CENVAT which appears to be a casual disposal of crucial submissions pertaining to disclosure of CENVAT credit availed and reversed. The disclosures made in the ST-3 returns ..... X X X X Extracts X X X X X X X X Extracts X X X X
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