https://www.taxtmi.com/caselaws?id=119849 Cenvat credit taken on the duty reflected in a supplier's invoice cannot be reversed merely because the buyer later receives a cash discount reducing the sale price. The operative requirement for reversal arises only where investigation shows that the supplier obtained refund of the excess duty corresponding to that discount. In the absence of any such finding or evidence, the Department cannot sustain a demand for reversal, interest or penalty. The document therefore states that credit remains valid on the invoice duty unless the alleged refund of excess duty is established on facts. en-us Fri, 28 Jul 2006 00:00:00 +0530 Fri, 13 Jul 2012 15:41:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119849 Cenvat credit taken on the duty reflected in a supplier's invoice cannot be reversed merely because the buyer later receives a cash discount reducing the sale price. The operative requirement for reversal arises only where investigation shows that the supplier obtained refund of the excess duty corresponding to that discount. In the absence of any such finding or evidence, the Department cannot sustain a demand for reversal, interest or penalty. The document therefore states that credit remains valid on the invoice duty unless the alleged refund of excess duty is established on facts. Case-Laws Central Excise Fri, 28 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119849