https://www.taxtmi.com/caselaws?id=431652 The Tribunal set aside the demand for excess CENVAT Credit on MS Round Cutting and disallowance of CENVAT Credit on transportation of disputed inputs due to lack of corroborative evidence. Penalties imposed on the Managing Director and another individual were deemed unsustainable and set aside. The extended period of limitation was not applicable as there was no willful suppression of facts. The Tribunal emphasized the importance of substantiated demands and adequate evidence, ultimately allowing both Appeals and providing relief to the Appellant. en-us Thu, 15 Dec 2022 00:00:00 +0530 Mon, 19 Dec 2022 09:15:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431652 The Tribunal set aside the demand for excess CENVAT Credit on MS Round Cutting and disallowance of CENVAT Credit on transportation of disputed inputs due to lack of corroborative evidence. Penalties imposed on the Managing Director and another individual were deemed unsustainable and set aside. The extended period of limitation was not applicable as there was no willful suppression of facts. The Tribunal emphasized the importance of substantiated demands and adequate evidence, ultimately allowing both Appeals and providing relief to the Appellant. Case-Laws Central Excise Thu, 15 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431652