https://www.taxtmi.com/caselaws?id=354969 Cenvat credit on scrap purchased from a registered dealer was held admissible because the invoices were valid, there was no allegation that the goods were not duty paid, and there was no dispute that the inputs were received in the factory. Applying the principle under Rule 9(3) of the Cenvat Credit Rules, 2004, an assessee dealing with a first stage dealer is protected when acting with reasonable diligence, so the presumption against credit could not be sustained. The show cause notice was therefore unsustainable, the demand and penalty were set aside, the assessee's appeal was allowed, and the Revenue's appeal was dismissed. en-us Wed, 27 Dec 2017 00:00:00 +0530 Thu, 08 Feb 2018 07:46:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354969 Cenvat credit on scrap purchased from a registered dealer was held admissible because the invoices were valid, there was no allegation that the goods were not duty paid, and there was no dispute that the inputs were received in the factory. Applying the principle under Rule 9(3) of the Cenvat Credit Rules, 2004, an assessee dealing with a first stage dealer is protected when acting with reasonable diligence, so the presumption against credit could not be sustained. The show cause notice was therefore unsustainable, the demand and penalty were set aside, the assessee's appeal was allowed, and the Revenue's appeal was dismissed. Case-Laws Central Excise Wed, 27 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354969