https://www.taxtmi.com/caselaws?id=342646 Cenvat credit cannot be denied solely because a supplier's books show shortages unless the department establishes a corresponding physical discrepancy, manipulation in the assessee's records, or diversion of inputs. Where the assessee's own records remained untainted, no stock verification showed mismatch, and the supplier corrected an erroneous shortage entry, credit denial beyond the amount already reversed was not sustainable. In the absence of evidence of deliberate wrongdoing, penalties and personal penalties were also set aside, while interest remained payable on the amount admittedly reversed. en-us Fri, 31 Mar 2017 00:00:00 +0530 Sat, 06 May 2017 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342646 Cenvat credit cannot be denied solely because a supplier's books show shortages unless the department establishes a corresponding physical discrepancy, manipulation in the assessee's records, or diversion of inputs. Where the assessee's own records remained untainted, no stock verification showed mismatch, and the supplier corrected an erroneous shortage entry, credit denial beyond the amount already reversed was not sustainable. In the absence of evidence of deliberate wrongdoing, penalties and personal penalties were also set aside, while interest remained payable on the amount admittedly reversed. Case-Laws Central Excise Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342646