https://www.taxtmi.com/caselaws?id=254692 CENVAT credit was held inadmissible where the Revenue proved that the goods covered by duty-paying documents were in fact bazaar scrap and not duty-paid industrial or ship-breaking scrap. The burden then shifted to the credit recipient to establish eligibility, and failure to take reasonable steps to verify the nature and source of the goods justified demand of credit with interest and penalty on the main appellant. Confiscation and redemption fine were not sustainable because the seized goods were found to be non-excisable bazaar scrap. Penalties on dealers, brokers and their directors were also set aside as, for the relevant period, there was no specific statutory basis to penalise the alleged bogus CENVAT documentation in the manner invoked. en-us Mon, 14 Jul 2014 00:00:00 +0530 Thu, 15 Jan 2015 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254692 CENVAT credit was held inadmissible where the Revenue proved that the goods covered by duty-paying documents were in fact bazaar scrap and not duty-paid industrial or ship-breaking scrap. The burden then shifted to the credit recipient to establish eligibility, and failure to take reasonable steps to verify the nature and source of the goods justified demand of credit with interest and penalty on the main appellant. Confiscation and redemption fine were not sustainable because the seized goods were found to be non-excisable bazaar scrap. Penalties on dealers, brokers and their directors were also set aside as, for the relevant period, there was no specific statutory basis to penalise the alleged bogus CENVAT documentation in the manner invoked. Case-Laws Central Excise Mon, 14 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254692