https://www.taxtmi.com/caselaws?id=124699 Cenvat credit on inputs for captive consumption was treated as prima facie fraudulent where the invoices showed duty that had not actually been paid. The tribunal noted that no NCCD had been paid on the inputs and that any credit, if otherwise available, could be utilised only in accordance with Rule 3(7) of the Cenvat Credit Rules, 2002. Financial hardship was considered, but the balance sheet showed sufficient current assets. Partial waiver of pre-deposit was therefore granted, subject to deposit of the specified amount, with waiver of the balance demand and stay of recovery on compliance. en-us Fri, 23 Mar 2007 00:00:00 +0530 Thu, 04 Oct 2012 13:33:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124699 Cenvat credit on inputs for captive consumption was treated as prima facie fraudulent where the invoices showed duty that had not actually been paid. The tribunal noted that no NCCD had been paid on the inputs and that any credit, if otherwise available, could be utilised only in accordance with Rule 3(7) of the Cenvat Credit Rules, 2002. Financial hardship was considered, but the balance sheet showed sufficient current assets. Partial waiver of pre-deposit was therefore granted, subject to deposit of the specified amount, with waiver of the balance demand and stay of recovery on compliance. Case-Laws Central Excise Fri, 23 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124699