https://www.taxtmi.com/caselaws?id=354863 CENVAT credit was held inadmissible on inputs found short during stock verification where the shortages were substantial, recurrent, and unsupported by credible evidence of evaporation, heating loss, or measurement variance. The assessee's failure to reverse credit or disclose the shortages contemporaneously, together with internal accounting of the missing inputs as consumption, supported a finding that the inputs were not used in manufacture and that suppression of facts justified invocation of the extended period. The broader principles on credit for shortages were distinguished because the loss was not a minor or ordinary tolerance-level variation. The demand, interest, and penalty were sustained, and the Tribunal's order was affirmed. en-us Tue, 23 Jan 2018 00:00:00 +0530 Tue, 06 Feb 2018 07:50:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354863 CENVAT credit was held inadmissible on inputs found short during stock verification where the shortages were substantial, recurrent, and unsupported by credible evidence of evaporation, heating loss, or measurement variance. The assessee's failure to reverse credit or disclose the shortages contemporaneously, together with internal accounting of the missing inputs as consumption, supported a finding that the inputs were not used in manufacture and that suppression of facts justified invocation of the extended period. The broader principles on credit for shortages were distinguished because the loss was not a minor or ordinary tolerance-level variation. The demand, interest, and penalty were sustained, and the Tribunal's order was affirmed. Case-Laws Central Excise Tue, 23 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354863