https://www.taxtmi.com/caselaws?id=266666 A claimant for Cenvat credit must prove actual receipt and proper accounting of inputs; invoices alone do not discharge that burden where no movement or receipt of goods is shown. The note also states that financial hardship must be substantiated by the company's records, and substantial reserves and surplus may negate a plea for complete waiver of pre-deposit. It further records that, where transactions are admitted to have been undertaken only for turnover purposes without receipt of goods, a separate deposit direction against the Managing Director may be justified. en-us Thu, 20 Mar 2014 00:00:00 +0530 Thu, 22 Oct 2015 19:58:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266666 A claimant for Cenvat credit must prove actual receipt and proper accounting of inputs; invoices alone do not discharge that burden where no movement or receipt of goods is shown. The note also states that financial hardship must be substantiated by the company's records, and substantial reserves and surplus may negate a plea for complete waiver of pre-deposit. It further records that, where transactions are admitted to have been undertaken only for turnover purposes without receipt of goods, a separate deposit direction against the Managing Director may be justified. Case-Laws Central Excise Thu, 20 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266666