https://www.taxtmi.com/caselaws?id=204463 CENVAT credit denial based on alleged non-receipt and non-processing of grey fabrics could not be sustained where the Revenue relied mainly on a merchant exporter's statement, while the assessee's director consistently stated that the fabrics were received, entered in statutory records, processed, and cleared on payment of duty. The assessee's records supported that version, and no independent corroboration showed the records were false or that the goods were never received. Forged rebate documents of the exporter did not by themselves disprove processing by the assessee. The CESTAT therefore held that the allegation was unproved and set aside the duty demand and penalties. en-us Fri, 26 Nov 2010 00:00:00 +0530 Fri, 27 May 2011 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204463 CENVAT credit denial based on alleged non-receipt and non-processing of grey fabrics could not be sustained where the Revenue relied mainly on a merchant exporter's statement, while the assessee's director consistently stated that the fabrics were received, entered in statutory records, processed, and cleared on payment of duty. The assessee's records supported that version, and no independent corroboration showed the records were false or that the goods were never received. Forged rebate documents of the exporter did not by themselves disprove processing by the assessee. The CESTAT therefore held that the allegation was unproved and set aside the duty demand and penalties. Case-Laws Central Excise Fri, 26 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204463