https://www.taxtmi.com/caselaws?id=266666 Cenvat credit requires the claimant to prove actual receipt and proper accounting of inputs through records of receipt, disposal, consumption and inventory. Mere invoices unaccompanied by movement or receipt of goods do not discharge the burden of proof under Rule 9(5) of the Cenvat Credit Rules, 2004. Financial hardship was not established where the balance sheet reflected substantial reserves, surplus and funds available for appropriation. A separate pre-deposit direction against the Managing Director was justified by the admitted use of transactions solely to increase turnover without receipt of goods. Recovery was stayed only upon compliance with the prescribed deposits. 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 Cenvat credit requires the claimant to prove actual receipt and proper accounting of inputs through records of receipt, disposal, consumption and inventory. Mere invoices unaccompanied by movement or receipt of goods do not discharge the burden of proof under Rule 9(5) of the Cenvat Credit Rules, 2004. Financial hardship was not established where the balance sheet reflected substantial reserves, surplus and funds available for appropriation. A separate pre-deposit direction against the Managing Director was justified by the admitted use of transactions solely to increase turnover without receipt of goods. Recovery was stayed only upon compliance with the prescribed deposits. Case-Laws Central Excise Thu, 20 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266666