https://www.taxtmi.com/caselaws?id=342956 The appellate tribunal overturned the denial of Cenvat credit on SS Bars procured from non-approved sources for manufacturing Elastic Rail Clips, emphasizing that using duty-paid raw material should not result in credit denial based solely on procurement sources. The tribunal also found the confiscation of raw materials and imposition of penalties to be unjustified, remanding the recovery of Cenvat credit towards shortages for re-examination. The judgment set aside most impugned orders, except for specific Cenvat credit recovery, requiring further assessment by the Commissioner (Appeals). en-us Tue, 09 May 2017 00:00:00 +0530 Tue, 16 May 2017 06:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342956 The appellate tribunal overturned the denial of Cenvat credit on SS Bars procured from non-approved sources for manufacturing Elastic Rail Clips, emphasizing that using duty-paid raw material should not result in credit denial based solely on procurement sources. The tribunal also found the confiscation of raw materials and imposition of penalties to be unjustified, remanding the recovery of Cenvat credit towards shortages for re-examination. The judgment set aside most impugned orders, except for specific Cenvat credit recovery, requiring further assessment by the Commissioner (Appeals). Case-Laws Central Excise Tue, 09 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342956