https://www.taxtmi.com/caselaws?id=329053 Cenvat credit could not be denied where statutory records, weighment slips, job work challans and production records consistently supported receipt and use of imported inputs in manufacture. The allegation of diversion rested mainly on statements recorded during investigation, but those statements were retracted in cross-examination or before a Magistrate. In the absence of independent corroboration showing non-receipt, substitution, diversion of goods or unaccounted cash flow, the Revenue failed to discharge its burden. The demand of duty, interest and penalty was therefore unsustainable, and the impugned orders were set aside with consequential relief. en-us Tue, 19 Jan 2016 00:00:00 +0530 Tue, 08 Nov 2016 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329053 Cenvat credit could not be denied where statutory records, weighment slips, job work challans and production records consistently supported receipt and use of imported inputs in manufacture. The allegation of diversion rested mainly on statements recorded during investigation, but those statements were retracted in cross-examination or before a Magistrate. In the absence of independent corroboration showing non-receipt, substitution, diversion of goods or unaccounted cash flow, the Revenue failed to discharge its burden. The demand of duty, interest and penalty was therefore unsustainable, and the impugned orders were set aside with consequential relief. Case-Laws Central Excise Tue, 19 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329053