9911796707
TMI Blog2018 (9) TMI 899X X X X Extracts X X X X X X X X Extracts X X X X ..... nt was of the view that the said credit is not eligible as per the amended definition of input services with effect from 01.04.2011 - whether the appellants are liable to pay the interest and the penalties imposed on the ground that they had availed credit on Construction Services after 01.04.2011? Held that:- It is not disputed that the appellants had reversed the credit immediately on being poin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d the entire credit before utilization, however, Department issued Show Cause Notice proposing to demand interest as well as imposing penalties. After due process of law, the Original Authority confirmed the demand and interest and imposed penalties. In appeal, the Commissioner (Appeals) upheld the same. Aggrieved, the appellant is now before the Tribunal. 2. On behalf of the appellant, the learn ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... order. 4. Heard both sides. 5. The only issue to be decided is whether the appellants are liable to pay the interest and the penalties imposed on the ground that they had availed credit on Construction Services after 01.04.2011. It is not disputed that the appellants had reversed the credit immediately on being pointed out. As per the decision in the case of Strategic Engineering (P) Ltd. (supra ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
