https://www.taxtmi.com/caselaws?id=197098 CENVAT credit could not be denied merely because inputs were found short during physical stock verification where there was no evidence of clandestine removal or diversion. The shortfall was treated as a minor fraction of total consumption and the explanation of process loss and inventory variation was not effectively rebutted. Mere reliance on shortage alone, without proof of unlawful removal or misuse of credit, was held insufficient to sustain recovery. The cited authorities did not alter that factual conclusion, and the Revenue's challenge failed. en-us Thu, 02 Mar 2017 00:00:00 +0530 Tue, 26 Dec 2017 16:32:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197098 CENVAT credit could not be denied merely because inputs were found short during physical stock verification where there was no evidence of clandestine removal or diversion. The shortfall was treated as a minor fraction of total consumption and the explanation of process loss and inventory variation was not effectively rebutted. Mere reliance on shortage alone, without proof of unlawful removal or misuse of credit, was held insufficient to sustain recovery. The cited authorities did not alter that factual conclusion, and the Revenue's challenge failed. Case-Laws Central Excise Thu, 02 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197098