https://www.taxtmi.com/caselaws?id=353614 The Tribunal set aside the denial of wrongly availed Cenvat Credit amounting to Rs. 1,39,94,593/- by the appellant, a manufacturer of P.V.C Insulated wires and cables, during the period from September 2002 to May 2005. The Tribunal found the adjudicating authority's findings lacking concrete evidence to prove non-receipt of goods covered by invoices from M/s. KPIPL. Allegations of irregular credit for increased profitability were dismissed due to reliance on uncorroborated statements. Emphasizing the need for corroborative evidence, the Tribunal overturned the denial of Cenvat Credit and penalty, ruling in favor of the appellant. en-us Thu, 23 Nov 2017 00:00:00 +0530 Tue, 09 Jan 2018 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353614 The Tribunal set aside the denial of wrongly availed Cenvat Credit amounting to Rs. 1,39,94,593/- by the appellant, a manufacturer of P.V.C Insulated wires and cables, during the period from September 2002 to May 2005. The Tribunal found the adjudicating authority's findings lacking concrete evidence to prove non-receipt of goods covered by invoices from M/s. KPIPL. Allegations of irregular credit for increased profitability were dismissed due to reliance on uncorroborated statements. Emphasizing the need for corroborative evidence, the Tribunal overturned the denial of Cenvat Credit and penalty, ruling in favor of the appellant. Case-Laws Central Excise Thu, 23 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353614