https://www.taxtmi.com/caselaws?id=112792 The Tribunal set aside the duty demand and penalties imposed on the company and an individual for allegedly availing Modvat credit without actual receipt of consignments. The Tribunal found the Revenue failed to discharge the burden of proof regarding non-receipt of inputs, citing plausible explanations for transportation discrepancies and the absence of octroi receipts. The Tribunal also deemed the Cost Audit Report relevant, supporting the appellants' claims of receipt and consumption of inputs. Consequently, the Tribunal allowed the appeals, granting the appellants the benefit of doubt. en-us Thu, 13 Nov 2003 00:00:00 +0530 Tue, 02 Jul 2024 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112792 The Tribunal set aside the duty demand and penalties imposed on the company and an individual for allegedly availing Modvat credit without actual receipt of consignments. The Tribunal found the Revenue failed to discharge the burden of proof regarding non-receipt of inputs, citing plausible explanations for transportation discrepancies and the absence of octroi receipts. The Tribunal also deemed the Cost Audit Report relevant, supporting the appellants' claims of receipt and consumption of inputs. Consequently, the Tribunal allowed the appeals, granting the appellants the benefit of doubt. Case-Laws Central Excise Thu, 13 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112792