https://www.taxtmi.com/caselaws?id=126036 Private records and corroborative statements showed that duty-paid inputs were diverted and scrap was used in manufacture, justifying denial of Cenvat credit. The tribunal accepted the private disposal register and the statements of the Managing Director and General Manager as evidence of the exchange of inputs for scrap, and rejected the contention that the case rested on assumptions. On that basis, the longer limitation period was held applicable, and the demand of duty, confiscation, and penalties were maintained. en-us Wed, 25 Feb 2009 00:00:00 +0530 Thu, 01 Nov 2012 16:03:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126036 Private records and corroborative statements showed that duty-paid inputs were diverted and scrap was used in manufacture, justifying denial of Cenvat credit. The tribunal accepted the private disposal register and the statements of the Managing Director and General Manager as evidence of the exchange of inputs for scrap, and rejected the contention that the case rested on assumptions. On that basis, the longer limitation period was held applicable, and the demand of duty, confiscation, and penalties were maintained. Case-Laws Central Excise Wed, 25 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126036