https://www.taxtmi.com/caselaws?id=375545 Wrongful availment of Cenvat credit could not be sustained where the demand rested mainly on uncorroborated third-party statements and material, and the assessee was denied effective cross-examination despite producing contrary records such as register entries, ledgers, bank statements and transport papers. The limitation issue also failed for the revenue: the clearances were on payment of duty, and in the absence of suppression, wilful misstatement or mala fide intent, the extended period could not be invoked. The demand for the earlier period was therefore time-barred, and the demand, interest and equal penalty were set aside. en-us Tue, 12 Feb 2019 00:00:00 +0530 Thu, 21 Feb 2019 06:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375545 Wrongful availment of Cenvat credit could not be sustained where the demand rested mainly on uncorroborated third-party statements and material, and the assessee was denied effective cross-examination despite producing contrary records such as register entries, ledgers, bank statements and transport papers. The limitation issue also failed for the revenue: the clearances were on payment of duty, and in the absence of suppression, wilful misstatement or mala fide intent, the extended period could not be invoked. The demand for the earlier period was therefore time-barred, and the demand, interest and equal penalty were set aside. Case-Laws Central Excise Tue, 12 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375545