Cenvat Credit : Credit of insurance/repair of motorcar is available to assessee-firm even if car is in name of partner, provided car is shown as assets in books of firm and depreciation and other expenditure thereon is incurred/borne by firm

Cenvat Credit : Credit of insurance/repair of motorcar is available to assessee-firm even if car is in name of partner, provided car is shown as assets in books of firm and depreciation and other expenditure thereon is

incurred/borne by firm

Cenvat Credit : Where assessee did not opt for reversal of pro rata credit under rule 6(3A) but made such reversal of mere Rs. 927 before issuance of notice, he cannot be asked to pay Rs. 26,487 towards 8 per cent/6 per cent of value of exempt services, as same would be too harsh

[2015] 59 taxmann.com 194 (Mumbai - CESTAT)

CESTAT, MUMBAI BENCH

Rathi Daga

v.

Commissioner of Central Excise, Nashik