https://www.taxtmi.com/caselaws?id=368924 A demand for reversal of Cenvat credit based only on a presumption that the assessee was not manufacturing goods was unsustainable where port samples showed the goods to be casting/forging. Goods destroyed and sold as scrap were treated on a cum-duty basis, and duty already paid on the realised consideration was appropriated against the demand. The conceded Cenvat credit amount was confirmed. Penalties were modified by allowing the option to pay 25% of the duty confirmed within one month, while the personal penalty on the Managing Director was reduced. en-us Wed, 29 Aug 2018 00:00:00 +0530 Wed, 17 Oct 2018 07:41:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368924 A demand for reversal of Cenvat credit based only on a presumption that the assessee was not manufacturing goods was unsustainable where port samples showed the goods to be casting/forging. Goods destroyed and sold as scrap were treated on a cum-duty basis, and duty already paid on the realised consideration was appropriated against the demand. The conceded Cenvat credit amount was confirmed. Penalties were modified by allowing the option to pay 25% of the duty confirmed within one month, while the personal penalty on the Managing Director was reduced. Case-Laws Central Excise Wed, 29 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368924