https://www.taxtmi.com/caselaws?id=107649 Credit was held not deniable where duty-paid zinc ingots were sent under a permitted job-work procedure, the converted zinc dust was admittedly received, and no shortage in quantity was found; on those facts, the substantive receipt of the processed input defeated the objection to credit. Penalty was also found unjustified because no revenue loss was established and the record disclosed no intention to defraud. The impugned order was therefore set aside in full. en-us Fri, 18 Jul 2003 00:00:00 +0530 Sat, 24 Mar 2012 10:56:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107649 Credit was held not deniable where duty-paid zinc ingots were sent under a permitted job-work procedure, the converted zinc dust was admittedly received, and no shortage in quantity was found; on those facts, the substantive receipt of the processed input defeated the objection to credit. Penalty was also found unjustified because no revenue loss was established and the record disclosed no intention to defraud. The impugned order was therefore set aside in full. Case-Laws Central Excise Fri, 18 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107649