https://www.taxtmi.com/caselaws?id=98669 Denial of Modvat credit cannot rest on suspicion or conjecture where the department fails to produce cogent evidence that inputs were below the prescribed thickness. No inferior stock was found in the factory, the invoices did not by themselves establish non-conforming inputs, and the finished goods were manufactured to specification, inspected, and accepted. On those facts, the allegation of irregular credit was not proved, so the duty demand and penalties were unsustainable and were set aside in favour of the assessee. en-us Mon, 10 Sep 2001 00:00:00 +0530 Sat, 21 Jan 2012 15:38:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98669 Denial of Modvat credit cannot rest on suspicion or conjecture where the department fails to produce cogent evidence that inputs were below the prescribed thickness. No inferior stock was found in the factory, the invoices did not by themselves establish non-conforming inputs, and the finished goods were manufactured to specification, inspected, and accepted. On those facts, the allegation of irregular credit was not proved, so the duty demand and penalties were unsustainable and were set aside in favour of the assessee. Case-Laws Central Excise Mon, 10 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98669