https://www.taxtmi.com/caselaws?id=218467 The Tribunal ruled in favor of the applicant, staying the pre-deposit of duty, interest, and penalty amounting to Rs.3,88,76,622. The case revolved around the denial of credit for goods manufactured by a job worker, with the Revenue alleging credit was availed for goods not physically received in the factory. However, the Tribunal found that the goods manufactured by the job worker were used in producing goods returned to the applicant after payment of appropriate duty, supporting the applicant's position. Consequently, the Tribunal allowed the stay petition, emphasizing that the mere absence of physical receipt of goods in the factory does not justify denying credit. en-us Tue, 31 Jul 2012 00:00:00 +0530 Fri, 09 Nov 2012 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218467 The Tribunal ruled in favor of the applicant, staying the pre-deposit of duty, interest, and penalty amounting to Rs.3,88,76,622. The case revolved around the denial of credit for goods manufactured by a job worker, with the Revenue alleging credit was availed for goods not physically received in the factory. However, the Tribunal found that the goods manufactured by the job worker were used in producing goods returned to the applicant after payment of appropriate duty, supporting the applicant's position. Consequently, the Tribunal allowed the stay petition, emphasizing that the mere absence of physical receipt of goods in the factory does not justify denying credit. Case-Laws Central Excise Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218467