https://www.taxtmi.com/caselaws?id=424334 The appeal was allowed, setting aside the recovery of irregularly availed credit on inputs by M/s Savita Oil Technologies Limited. The recovery was ordered due to discrepancies in the quantity of inputs received, but the appellate authority found insufficient legal grounds for the recovery, citing precedents and highlighting issues with the recovery process, tolerance limits for received goods, applicability of CENVAT Credit Rules, and adjustments for compensatory restitution from insurance claims. The judgment concluded that the recovery lacked legal authority, ultimately overturning the original authority's decision. en-us Thu, 23 Jun 2022 00:00:00 +0530 Mon, 27 Jun 2022 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424334 The appeal was allowed, setting aside the recovery of irregularly availed credit on inputs by M/s Savita Oil Technologies Limited. The recovery was ordered due to discrepancies in the quantity of inputs received, but the appellate authority found insufficient legal grounds for the recovery, citing precedents and highlighting issues with the recovery process, tolerance limits for received goods, applicability of CENVAT Credit Rules, and adjustments for compensatory restitution from insurance claims. The judgment concluded that the recovery lacked legal authority, ultimately overturning the original authority's decision. Case-Laws Central Excise Thu, 23 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424334