Cenvat Credit Denial Overturned: No Evidence of Suppression or Intent to Evade Duty in Audited Records Dispute.

Cenvat Credit Denial Overturned: No Evidence of Suppression or Intent to Evade Duty in Audited Records Dispute. https://www.taxtmi.com/highlights?id=30821 Denial of cenvat credit - the credit entries were in the regular records, which were audited and the dispute arose thereafter only. Therefore, invoking extended period with an allegation of suppression of facts and willful mis-statement with an intend to evade payment of duty is not sustainable. - AT en-us Wed, 17 Aug 2016 11:48:00 +0530 Wed, 17 Aug 2016 11:48:00 +0530 TaxTMI RSS Generator Cenvat Credit Denial Overturned: No Evidence of Suppression or Intent to Evade Duty in Audited Records Dispute. https://www.taxtmi.com/highlights?id=30821 Denial of cenvat credit - the credit entries were in the regular records, which were audited and the dispute arose thereafter only. Therefore, invoking extended period with an allegation of suppression of facts and willful mis-statement with an intend to evade payment of duty is not sustainable. - AT Highlights Central Excise Wed, 17 Aug 2016 11:48:00 +0530 https://www.taxtmi.com/highlights?id=30821