https://www.taxtmi.com/caselaws?id=204085 Transitional Cenvat credit under Rule 9A was confined to inputs or goods lying in stock, and that requirement had to be read strictly with the Rules' scheme requiring receipt in the factory. Goods still in transit or lying with a transporter before delivery to the factory did not satisfy the statutory condition, and a circular on disclosure of stock outside the registered premises did not extend credit to such goods. Where credit was claimed despite the admitted absence of receipt in the factory, strict compliance was not met and penalty was upheld. en-us Tue, 05 Oct 2010 00:00:00 +0530 Wed, 05 Jun 2013 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204085 Transitional Cenvat credit under Rule 9A was confined to inputs or goods lying in stock, and that requirement had to be read strictly with the Rules' scheme requiring receipt in the factory. Goods still in transit or lying with a transporter before delivery to the factory did not satisfy the statutory condition, and a circular on disclosure of stock outside the registered premises did not extend credit to such goods. Where credit was claimed despite the admitted absence of receipt in the factory, strict compliance was not met and penalty was upheld. Case-Laws Central Excise Tue, 05 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204085