https://www.taxtmi.com/caselaws?id=334758 The Tribunal dismissed appeals filed by the assessee, its manager, and the Revenue, upholding the decision on the reversal of cenvat credit as a sufficient defense. Penalties imposed on the assessee and its manager for the shortage of inputs were upheld due to the undisputed findings. The Revenue's demand for duty, interest, and penalties was not supported as there was no concrete evidence of the inputs being used in the final product, leading to the rejection of the duty claim based on presumption. en-us Fri, 07 Oct 2016 00:00:00 +0530 Sat, 19 Nov 2016 16:58:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334758 The Tribunal dismissed appeals filed by the assessee, its manager, and the Revenue, upholding the decision on the reversal of cenvat credit as a sufficient defense. Penalties imposed on the assessee and its manager for the shortage of inputs were upheld due to the undisputed findings. The Revenue's demand for duty, interest, and penalties was not supported as there was no concrete evidence of the inputs being used in the final product, leading to the rejection of the duty claim based on presumption. Case-Laws Central Excise Fri, 07 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334758