https://www.taxtmi.com/caselaws?id=331641 Cenvat credit on rubber inputs could not be denied merely because the procurement quantity was considered excessive. Credit remained available where the inputs had suffered duty, entered the factory, were used in manufacture, and were not cleared as such, and the record showed no allegation or investigation rebutting those conditions. A presumption about the optimum quantity required for production was not a valid basis to disallow credit. On that footing, the connected duty demand, interest, and penalty based on the credit denial could not stand, and the personal penalty was reduced. en-us Thu, 26 May 2016 00:00:00 +0530 Wed, 04 Jan 2017 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331641 Cenvat credit on rubber inputs could not be denied merely because the procurement quantity was considered excessive. Credit remained available where the inputs had suffered duty, entered the factory, were used in manufacture, and were not cleared as such, and the record showed no allegation or investigation rebutting those conditions. A presumption about the optimum quantity required for production was not a valid basis to disallow credit. On that footing, the connected duty demand, interest, and penalty based on the credit denial could not stand, and the personal penalty was reduced. Case-Laws Central Excise Thu, 26 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331641