https://www.taxtmi.com/caselaws?id=250267 The Tribunal upheld the duty demand, interest, and penalty imposed on the appellant for availing ineligible credit on capital goods not found in the factory, as per IT returns and balance sheet. The absence of the capital goods during audits led to the denial of credit. Doubts arose regarding the reliability of the assets register provided by the appellant. Due to insufficient evidence of receipt and installation of the capital goods, the Tribunal denied the grant of stay and directed the appellant to deposit the confirmed duty demand with interest within eight weeks to avoid further dues and stay recovery during the appeal. en-us Tue, 24 Jun 2014 00:00:00 +0530 Thu, 07 Aug 2014 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250267 The Tribunal upheld the duty demand, interest, and penalty imposed on the appellant for availing ineligible credit on capital goods not found in the factory, as per IT returns and balance sheet. The absence of the capital goods during audits led to the denial of credit. Doubts arose regarding the reliability of the assets register provided by the appellant. Due to insufficient evidence of receipt and installation of the capital goods, the Tribunal denied the grant of stay and directed the appellant to deposit the confirmed duty demand with interest within eight weeks to avoid further dues and stay recovery during the appeal. Case-Laws Central Excise Tue, 24 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250267