https://www.taxtmi.com/caselaws?id=190292 The Tribunal upheld the Commissioner's decision on the availing of Cenvat credit on short receipt of Base Oil, ruling that the prescribed limits apply to duty paid goods as well. The appellant's argument on transit loss limits was rejected, affirming that credit exceeding 0.1% is impermissible. The penalty under Rule 15(1) of Cenvat Credit Rules was set aside due to past departmental practices. The appellant was directed to pay the differential amount with consideration to transit loss limits, while the penalty was waived. en-us Tue, 12 May 2015 00:00:00 +0530 Sat, 11 Feb 2017 10:37:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190292 The Tribunal upheld the Commissioner's decision on the availing of Cenvat credit on short receipt of Base Oil, ruling that the prescribed limits apply to duty paid goods as well. The appellant's argument on transit loss limits was rejected, affirming that credit exceeding 0.1% is impermissible. The penalty under Rule 15(1) of Cenvat Credit Rules was set aside due to past departmental practices. The appellant was directed to pay the differential amount with consideration to transit loss limits, while the penalty was waived. Case-Laws Central Excise Tue, 12 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190292