https://www.taxtmi.com/caselaws?id=109861 Cenvat credit was held admissible on Caustic Soda Flakes, Soda Ash and Titanium Dioxide used in manufacturing paper and paper board because the inputs were received under duty-paid documents, recorded in statutory books, and the higher consumption was plausibly explained by evidence, including a coating plant and poor-quality waste paper requiring extra de-inking and bleaching. Credit could not be denied merely because consumption exceeded the previous year's figures. The Director's penalty also failed because it rested entirely on the same allegation of wrongful credit availment; once the credit disallowance was set aside, the foundation for penalty disappeared. en-us Wed, 21 May 2003 00:00:00 +0530 Thu, 12 Apr 2012 13:50:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109861 Cenvat credit was held admissible on Caustic Soda Flakes, Soda Ash and Titanium Dioxide used in manufacturing paper and paper board because the inputs were received under duty-paid documents, recorded in statutory books, and the higher consumption was plausibly explained by evidence, including a coating plant and poor-quality waste paper requiring extra de-inking and bleaching. Credit could not be denied merely because consumption exceeded the previous year's figures. The Director's penalty also failed because it rested entirely on the same allegation of wrongful credit availment; once the credit disallowance was set aside, the foundation for penalty disappeared. Case-Laws Central Excise Wed, 21 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109861