https://www.taxtmi.com/caselaws?id=266935 CENVAT credit on imported inputs remained admissible where the goods were stock transferred under proper invoices to a sister concern for manufacture of the final product, and the department failed to show diversion or any material mismatch in description. Variations between Bills of Entry and stock-transfer invoices were treated as explained by duties, cess and profit element, while the descriptions were substantially similar. The extended period of limitation was also unavailable because the assessee filed returns openly and no wilful mis-statement or suppression with intent to evade duty was established. The denial of credit and the consequential demand were therefore unsustainable. en-us Mon, 27 Jul 2015 00:00:00 +0530 Thu, 04 Feb 2016 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266935 CENVAT credit on imported inputs remained admissible where the goods were stock transferred under proper invoices to a sister concern for manufacture of the final product, and the department failed to show diversion or any material mismatch in description. Variations between Bills of Entry and stock-transfer invoices were treated as explained by duties, cess and profit element, while the descriptions were substantially similar. The extended period of limitation was also unavailable because the assessee filed returns openly and no wilful mis-statement or suppression with intent to evade duty was established. The denial of credit and the consequential demand were therefore unsustainable. Case-Laws Central Excise Mon, 27 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266935