https://www.taxtmi.com/caselaws?id=121087 Modvat credit could not be denied on a mere allegation of short receipt where the assessee showed through job work challans, RG 23 Part II debit entries and Form V records that duty-paid inputs were received, sent for processing and duly accounted for in statutory records. Those records were treated as reliable statutory evidence, and the revenue produced no verification from the job worker's premises or other contrary material to disprove receipt. On that record, non-receipt of inputs was not established, so the denial of credit and the consequential penalty were unsustainable. en-us Thu, 07 Dec 2006 00:00:00 +0530 Thu, 26 Jul 2012 14:55:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121087 Modvat credit could not be denied on a mere allegation of short receipt where the assessee showed through job work challans, RG 23 Part II debit entries and Form V records that duty-paid inputs were received, sent for processing and duly accounted for in statutory records. Those records were treated as reliable statutory evidence, and the revenue produced no verification from the job worker's premises or other contrary material to disprove receipt. On that record, non-receipt of inputs was not established, so the denial of credit and the consequential penalty were unsustainable. Case-Laws Central Excise Thu, 07 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121087