https://www.taxtmi.com/caselaws?id=351599 The Tribunal set aside the denial of Cenvat credit amounting to Rs. 2,19,69,001/- on goods procured from a supplier claiming area-based exemption under Notification No.1/2010, remanding the matter to verify the supplier's entitlement under Notification No.56/2002. The Tribunal upheld the reversal of Cenvat credit for stock shortage amounting to Rs. 4,18,839/- but set aside the penalty due to prompt payment before the Show Cause Notice issuance. The appeal was partially allowed, with the demand of Rs. 2,19,69,001/- set aside for reassessment and the demand of Rs. 4,18,839/- upheld without penalty. en-us Thu, 23 Nov 2017 00:00:00 +0530 Tue, 28 Nov 2017 07:39:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351599 The Tribunal set aside the denial of Cenvat credit amounting to Rs. 2,19,69,001/- on goods procured from a supplier claiming area-based exemption under Notification No.1/2010, remanding the matter to verify the supplier's entitlement under Notification No.56/2002. The Tribunal upheld the reversal of Cenvat credit for stock shortage amounting to Rs. 4,18,839/- but set aside the penalty due to prompt payment before the Show Cause Notice issuance. The appeal was partially allowed, with the demand of Rs. 2,19,69,001/- set aside for reassessment and the demand of Rs. 4,18,839/- upheld without penalty. Case-Laws Central Excise Thu, 23 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351599