https://www.taxtmi.com/caselaws?id=233706 CENVAT credit on returned goods under Rule 16(1) of the Central Excise (No.2) Rules, 2001 was denied where verification showed credit notes covered only part of the claim and no documentary evidence established refund of the duty component to buyers for the balance. The material on record supported confirmation of the demand because the adverse verification report was not satisfactorily answered by the correlation of goods and documents. The penalty was found excessive on the facts and was set aside. en-us Thu, 07 Mar 2013 00:00:00 +0530 Mon, 13 May 2013 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233706 CENVAT credit on returned goods under Rule 16(1) of the Central Excise (No.2) Rules, 2001 was denied where verification showed credit notes covered only part of the claim and no documentary evidence established refund of the duty component to buyers for the balance. The material on record supported confirmation of the demand because the adverse verification report was not satisfactorily answered by the correlation of goods and documents. The penalty was found excessive on the facts and was set aside. Case-Laws Central Excise Thu, 07 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233706