https://www.taxtmi.com/caselaws?id=358779 The tribunal upheld the denial of Cenvat credit to the appellant firm due to discrepancies in raw material purchases but revoked penalties imposed on the firm and its partner. The decision emphasized the importance of compliance with rules and proper record-keeping, considering the lack of evidence supporting intentional wrongdoing. The judgment highlights the need for thorough evaluation of statements in investigations and the nuanced approach taken in balancing accountability and evidentiary standards. en-us Thu, 30 Nov 2017 00:00:00 +0530 Thu, 19 Apr 2018 05:34:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358779 The tribunal upheld the denial of Cenvat credit to the appellant firm due to discrepancies in raw material purchases but revoked penalties imposed on the firm and its partner. The decision emphasized the importance of compliance with rules and proper record-keeping, considering the lack of evidence supporting intentional wrongdoing. The judgment highlights the need for thorough evaluation of statements in investigations and the nuanced approach taken in balancing accountability and evidentiary standards. Case-Laws Central Excise Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358779