https://www.taxtmi.com/caselaws?id=355297 The Tribunal found in favor of the manufacturer-appellants in a case concerning the admissibility of Cenvat credit on individual raw-material consumption. It held that the proceedings did not align with the Central Excise Act and Rules as retrospective assessment of raw-material consumption for Cenvat credit was not permissible without proof of removal of inputs. The Tribunal dismissed the Show Cause Notice and subsequent actions, deeming them unsustainable due to the lack of evidence of input clearance. Additionally, the Tribunal set aside penalties imposed on the manufacturer-appellants and their director, emphasizing the necessity for compliance with statutory provisions in such matters. en-us Thu, 28 Dec 2017 00:00:00 +0530 Tue, 13 Feb 2018 06:16:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355297 The Tribunal found in favor of the manufacturer-appellants in a case concerning the admissibility of Cenvat credit on individual raw-material consumption. It held that the proceedings did not align with the Central Excise Act and Rules as retrospective assessment of raw-material consumption for Cenvat credit was not permissible without proof of removal of inputs. The Tribunal dismissed the Show Cause Notice and subsequent actions, deeming them unsustainable due to the lack of evidence of input clearance. Additionally, the Tribunal set aside penalties imposed on the manufacturer-appellants and their director, emphasizing the necessity for compliance with statutory provisions in such matters. Case-Laws Central Excise Thu, 28 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355297