https://www.taxtmi.com/caselaws?id=255017 The Appellate Tribunal CESTAT NEW DELHI upheld the denial of Cenvat credit for CR Sheets but set aside the denial for HR Coils due to lack of evidence against the original supplier, M/s Pasondia Steel Profiles Ltd. Investigations revealed fraudulent activities by M/s Pasondia Steel Profiles Ltd., leading to non-supply of goods and affecting Cenvat credit claims. Penalties under Rule 25 of Central Excise Rules, 2002, were imposed but reduced based on the upheld Cenvat credit demands. The Tribunal addressed various issues, emphasizing the need for evidence to support claims and the repercussions of fraudulent practices under Central Excise and Cenvat Credit Rules. en-us Wed, 29 Oct 2014 00:00:00 +0530 Tue, 06 Jan 2015 10:17:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255017 The Appellate Tribunal CESTAT NEW DELHI upheld the denial of Cenvat credit for CR Sheets but set aside the denial for HR Coils due to lack of evidence against the original supplier, M/s Pasondia Steel Profiles Ltd. Investigations revealed fraudulent activities by M/s Pasondia Steel Profiles Ltd., leading to non-supply of goods and affecting Cenvat credit claims. Penalties under Rule 25 of Central Excise Rules, 2002, were imposed but reduced based on the upheld Cenvat credit demands. The Tribunal addressed various issues, emphasizing the need for evidence to support claims and the repercussions of fraudulent practices under Central Excise and Cenvat Credit Rules. Case-Laws Central Excise Wed, 29 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255017