https://www.taxtmi.com/caselaws?id=171273 Excise credit was examined against contemporaneous stock and statutory records, and credit on quantities shown in excess of actual receipt was upheld as inadmissible. Credit was also denied where inputs were admittedly short received and value was recovered from the supplier or transporter through debit notes, because credit requires actual receipt of duty-paid inputs. In job-work cases, credit attributable to waste generated at the job-worker's premises was sustained where the waste was neither returned nor shown to have suffered duty. By contrast, demand and credit reversal on DSRM Rolls were set aside because the goods were captively used within the factory, and the company's penalty was reduced while the finance manager's penalty was deleted. en-us Wed, 26 Feb 2014 00:00:00 +0530 Sat, 04 Jul 2015 12:56:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171273 Excise credit was examined against contemporaneous stock and statutory records, and credit on quantities shown in excess of actual receipt was upheld as inadmissible. Credit was also denied where inputs were admittedly short received and value was recovered from the supplier or transporter through debit notes, because credit requires actual receipt of duty-paid inputs. In job-work cases, credit attributable to waste generated at the job-worker's premises was sustained where the waste was neither returned nor shown to have suffered duty. By contrast, demand and credit reversal on DSRM Rolls were set aside because the goods were captively used within the factory, and the company's penalty was reduced while the finance manager's penalty was deleted. Case-Laws Central Excise Wed, 26 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171273