https://www.taxtmi.com/caselaws?id=236426 Denial of deemed Cenvat credit was held unsustainable where the Revenue alleged fictitious paper transactions but produced no direct evidence of the assessee's complicity. The Tribunal noted that duty on the final product had already been discharged and that payment through PLA supported the genuineness of the transactions, effectively neutralising the deemed credit availed. Relying on its earlier decision in an identical matter, it held that the facts did not justify confirmation of the credit demand or the consequential interest and penalty. The assessee therefore succeeded. en-us Fri, 28 Sep 2012 00:00:00 +0530 Tue, 27 Aug 2013 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236426 Denial of deemed Cenvat credit was held unsustainable where the Revenue alleged fictitious paper transactions but produced no direct evidence of the assessee's complicity. The Tribunal noted that duty on the final product had already been discharged and that payment through PLA supported the genuineness of the transactions, effectively neutralising the deemed credit availed. Relying on its earlier decision in an identical matter, it held that the facts did not justify confirmation of the credit demand or the consequential interest and penalty. The assessee therefore succeeded. Case-Laws Central Excise Fri, 28 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236426