https://www.taxtmi.com/caselaws?id=372760 Mere stock shortage noticed during an assessee's own physical verification does not, by itself, require reversal of Cenvat credit where there is no evidence of clandestine removal, diversion, or improper use of inputs. The Tribunal treated the shortage as a theoretical reconciliation difference, noted the assessee's computer-based inventory system and disclosed reconciliation gaps, and followed its earlier view in the same matter. In the absence of proof that goods were wrongly removed or that credit was wrongly or improperly taken, recovery under Rule 57-I of the Central Excise Rules, 1944 was not justified, and the demand for reversal of credit was held unsustainable. en-us Wed, 28 Nov 2018 00:00:00 +0530 Sat, 29 Dec 2018 06:53:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372760 Mere stock shortage noticed during an assessee's own physical verification does not, by itself, require reversal of Cenvat credit where there is no evidence of clandestine removal, diversion, or improper use of inputs. The Tribunal treated the shortage as a theoretical reconciliation difference, noted the assessee's computer-based inventory system and disclosed reconciliation gaps, and followed its earlier view in the same matter. In the absence of proof that goods were wrongly removed or that credit was wrongly or improperly taken, recovery under Rule 57-I of the Central Excise Rules, 1944 was not justified, and the demand for reversal of credit was held unsustainable. Case-Laws Central Excise Wed, 28 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372760