CENVAT Credit availed on trading activity is not admissible

Dorma India Pvt. Ltd. Vs Commissioner of GST & Central Excise (CESTAT Chennai) CESTAT Chennai held that cenvat credit availed on trading activity is not admissible, accordingly, cenvat credit admissible on common input services needs to be reversed by invoking the extended period of limitation. Facts- The appellant is engaged in manufacture of “Automatic Door Operators and Door Closures” and parts falling under Chapter Sub-heading 83 of CETA, 1985. The appellant was also engaged in trading activity of imported as well as locally procured components and inputs. After investigati...