https://www.taxtmi.com/caselaws?id=124264 CENVAT credit taken on the basis of duty-paid invoices for received inputs remained admissible where the supplier later granted a post-year-end discount, because the original assessment under those invoices had not been revised. The Tribunal applied the principle that credit validly availed in the ordinary course cannot be recovered merely due to a subsequent price adjustment by the supplier. On that reasoning, the demand for reversal of credit, together with interest and penalties, was unsustainable and was set aside in favour of the assessee. en-us Wed, 16 Jul 2008 00:00:00 +0530 Thu, 27 Sep 2012 12:56:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124264 CENVAT credit taken on the basis of duty-paid invoices for received inputs remained admissible where the supplier later granted a post-year-end discount, because the original assessment under those invoices had not been revised. The Tribunal applied the principle that credit validly availed in the ordinary course cannot be recovered merely due to a subsequent price adjustment by the supplier. On that reasoning, the demand for reversal of credit, together with interest and penalties, was unsustainable and was set aside in favour of the assessee. Case-Laws Central Excise Wed, 16 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124264