https://www.taxtmi.com/caselaws?id=30301 Deemed credit under the relevant notification could not be denied to the recipient merely because the inputs were reclassified at the buyer's end, where the invoice declaration was the basis for the credit and the exclusion clause applied only if the supplier had failed to correctly declare particulars at clearance. Since proceedings against the supplier had been dropped and that order was not challenged, the allegation against the buyer could not survive. The denial of deemed credit was therefore unsustainable, and the connected penalty and interest also failed. en-us Mon, 10 Mar 2008 00:00:00 +0530 Thu, 21 Aug 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30301 Deemed credit under the relevant notification could not be denied to the recipient merely because the inputs were reclassified at the buyer's end, where the invoice declaration was the basis for the credit and the exclusion clause applied only if the supplier had failed to correctly declare particulars at clearance. Since proceedings against the supplier had been dropped and that order was not challenged, the allegation against the buyer could not survive. The denial of deemed credit was therefore unsustainable, and the connected penalty and interest also failed. Case-Laws Central Excise Mon, 10 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30301