https://www.taxtmi.com/caselaws?id=203950 CENVAT credit on duty-paid inputs cannot be denied merely because Form 3-CD reflected a short-quantity discrepancy. The revenue's case rested only on the tax audit report, while the record showed admissible process loss in manufacture, no independent evidence of short receipt of raw material, and use of the invoiced inputs in production. The appellate findings were not displaced, and the Tribunal noted that natural loss in blow moulding was not excessive and there was no proof of diversion, false invoices, or excess credit. A discrepancy between invoice quantity and audit disclosure, without corroboration, was insufficient to refuse credit. en-us Wed, 01 Dec 2010 00:00:00 +0530 Thu, 23 Jun 2011 21:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203950 CENVAT credit on duty-paid inputs cannot be denied merely because Form 3-CD reflected a short-quantity discrepancy. The revenue's case rested only on the tax audit report, while the record showed admissible process loss in manufacture, no independent evidence of short receipt of raw material, and use of the invoiced inputs in production. The appellate findings were not displaced, and the Tribunal noted that natural loss in blow moulding was not excessive and there was no proof of diversion, false invoices, or excess credit. A discrepancy between invoice quantity and audit disclosure, without corroboration, was insufficient to refuse credit. Case-Laws Central Excise Wed, 01 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203950