https://www.taxtmi.com/caselaws?id=387547 The Tribunal remanded the case for verification of records to determine the eligibility of cenvat credit for the appellant, a 100% EOU, who stored goods outside the factory premises. Denial of credit solely based on a Board Circular was deemed incorrect, as the Tribunal clarified that the Board can only retrospectively clarify existing laws. Fraud allegations by Revenue were dismissed, emphasizing the need for verification of records by lower authorities. The matter was remanded for a fresh order based on verified facts, setting aside the previous decision. en-us Fri, 12 Jul 2019 00:00:00 +0530 Fri, 25 Oct 2019 08:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387547 The Tribunal remanded the case for verification of records to determine the eligibility of cenvat credit for the appellant, a 100% EOU, who stored goods outside the factory premises. Denial of credit solely based on a Board Circular was deemed incorrect, as the Tribunal clarified that the Board can only retrospectively clarify existing laws. Fraud allegations by Revenue were dismissed, emphasizing the need for verification of records by lower authorities. The matter was remanded for a fresh order based on verified facts, setting aside the previous decision. Case-Laws Central Excise Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387547