https://www.taxtmi.com/caselaws?id=205691 CENVAT credit cannot be denied to a recipient manufacturer where the input supplier had actually paid duty at clearance under provisional assessment and the recipient took credit on valid statutory invoices. Subsequent finalisation of the supplier's assessment at a lower duty liability does not, by itself, justify reversal of the recipient's credit when no refund of the excess duty was claimed by the supplier. On that basis, the demand for credit reversal, interest, and penalties was unsustainable, and the assessee's entitlement to retain the credit was upheld. en-us Thu, 07 Jul 2011 00:00:00 +0530 Fri, 17 Feb 2012 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205691 CENVAT credit cannot be denied to a recipient manufacturer where the input supplier had actually paid duty at clearance under provisional assessment and the recipient took credit on valid statutory invoices. Subsequent finalisation of the supplier's assessment at a lower duty liability does not, by itself, justify reversal of the recipient's credit when no refund of the excess duty was claimed by the supplier. On that basis, the demand for credit reversal, interest, and penalties was unsustainable, and the assessee's entitlement to retain the credit was upheld. Case-Laws Central Excise Thu, 07 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205691