https://www.taxtmi.com/caselaws?id=337713 The case involved a dispute over the admissibility of Cenvat Credit on altered assessable values of inputs due to credit notes issued by suppliers to M/s. Super Plastronics Pvt. Ltd. The Revenue sought to reduce the Cenvat Credit availed by SPPL, leading to penalties and demands for recovery. The Tribunal clarified that errors in assessment by suppliers should not affect credit availability to the receiver, upholding the decision in favor of SPPL. The circular on reversing Cenvat Credit in case of trade discounts was deemed applicable for the relevant period, ensuring duty paid by manufacturers remains admissible. Penalties imposed on co-noticees were also found unjustified and dismissed. en-us Fri, 18 Nov 2016 00:00:00 +0530 Mon, 21 Aug 2017 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337713 The case involved a dispute over the admissibility of Cenvat Credit on altered assessable values of inputs due to credit notes issued by suppliers to M/s. Super Plastronics Pvt. Ltd. The Revenue sought to reduce the Cenvat Credit availed by SPPL, leading to penalties and demands for recovery. The Tribunal clarified that errors in assessment by suppliers should not affect credit availability to the receiver, upholding the decision in favor of SPPL. The circular on reversing Cenvat Credit in case of trade discounts was deemed applicable for the relevant period, ensuring duty paid by manufacturers remains admissible. Penalties imposed on co-noticees were also found unjustified and dismissed. Case-Laws Central Excise Fri, 18 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337713