https://www.taxtmi.com/caselaws?id=417244 Cenvat credit on inputs cannot be disallowed, and penalty cannot be sustained, where the assessee received goods at the registered premises, maintained statutory records, used the inputs in manufacture, and made payments through banking channels. The Tribunal found no independent evidence of an alternative source of procurement or of cash return against cheque payments; the Revenue relied mainly on supplier and transporter statements linked to investigation. Applying its earlier decision in a similar matter, the Tribunal held that the evidentiary foundation for denying credit and imposing penalty was not made out, and the appeal was allowed in favour of the assessee. en-us Tue, 18 Jan 2022 00:00:00 +0530 Wed, 19 Jan 2022 08:49:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417244 Cenvat credit on inputs cannot be disallowed, and penalty cannot be sustained, where the assessee received goods at the registered premises, maintained statutory records, used the inputs in manufacture, and made payments through banking channels. The Tribunal found no independent evidence of an alternative source of procurement or of cash return against cheque payments; the Revenue relied mainly on supplier and transporter statements linked to investigation. Applying its earlier decision in a similar matter, the Tribunal held that the evidentiary foundation for denying credit and imposing penalty was not made out, and the appeal was allowed in favour of the assessee. Case-Laws Central Excise Tue, 18 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417244