The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that earlier payments made through Cenvat Account are to be re-credited on payment of duty in cash. The Appellant, M/s Mideast Integrated Steels Ltd was issued an Audit Memo to pay Rs.4 lakhs being the service tax on Rs.36 lakhs received during the Financial Year 2007-2008 for having provided “Renting of Immovable Property Service”. The Appellant paid Rs audit memo by debit to Cenvat Account along with interest.
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