https://www.taxtmi.com/caselaws?id=267548 The Tribunal partially allowed the appeal regarding the denial of Cenvat credit on returned goods and goods shown as obsolete in the balance sheet. The denial of credit for loss booked in the balance sheet was sustained, while credit for returned goods used in production was allowed due to lack of evidence for clandestine removal and compliance with Rule 16. The Tribunal differentiated between loss booked and goods used in production, ultimately supporting the appellant's claim for Cenvat credit on returned goods utilized in manufacturing. en-us Fri, 26 Jun 2015 00:00:00 +0530 Mon, 09 Nov 2015 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267548 The Tribunal partially allowed the appeal regarding the denial of Cenvat credit on returned goods and goods shown as obsolete in the balance sheet. The denial of credit for loss booked in the balance sheet was sustained, while credit for returned goods used in production was allowed due to lack of evidence for clandestine removal and compliance with Rule 16. The Tribunal differentiated between loss booked and goods used in production, ultimately supporting the appellant's claim for Cenvat credit on returned goods utilized in manufacturing. Case-Laws Central Excise Fri, 26 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267548