https://www.taxtmi.com/caselaws?id=332671 Cenvat credit was held to be wrongly availed where factory verification, stock discrepancies, statutory records and statements of the managing director and employees showed that the disputed inputs were not physically received or actually consumed in manufacture, but were supported only by paper entries. The Tribunal noted that the remand directions had been complied with and that the assessee failed to rebut the departmental findings with convincing evidence. On that factual basis, the credit demand and consequential penalty were upheld as sustainable. en-us Mon, 11 Jul 2016 00:00:00 +0530 Thu, 17 Nov 2016 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332671 Cenvat credit was held to be wrongly availed where factory verification, stock discrepancies, statutory records and statements of the managing director and employees showed that the disputed inputs were not physically received or actually consumed in manufacture, but were supported only by paper entries. The Tribunal noted that the remand directions had been complied with and that the assessee failed to rebut the departmental findings with convincing evidence. On that factual basis, the credit demand and consequential penalty were upheld as sustainable. Case-Laws Central Excise Mon, 11 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332671