https://www.taxtmi.com/caselaws?id=354465 The Tribunal ruled in favor of the appellants, manufacturers of motor vehicle seats, in a case involving availing cenvat credit on duty paid on inputs and service tax paid on input services. Despite discrepancies in stock accounting, the Tribunal found no evidence of physical removal of parts for which credit was claimed, attributing shortages to accounting errors. Citing legal precedents, the Tribunal set aside the demand for shortages, emphasizing the importance of considering accounting discrepancies and lack of physical shortages in credit disallowance cases. The appeal was allowed with consequential relief as per law, aligning with established legal principles. en-us Fri, 27 Oct 2017 00:00:00 +0530 Tue, 30 Jan 2018 08:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354465 The Tribunal ruled in favor of the appellants, manufacturers of motor vehicle seats, in a case involving availing cenvat credit on duty paid on inputs and service tax paid on input services. Despite discrepancies in stock accounting, the Tribunal found no evidence of physical removal of parts for which credit was claimed, attributing shortages to accounting errors. Citing legal precedents, the Tribunal set aside the demand for shortages, emphasizing the importance of considering accounting discrepancies and lack of physical shortages in credit disallowance cases. The appeal was allowed with consequential relief as per law, aligning with established legal principles. Case-Laws Central Excise Fri, 27 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354465