https://www.taxtmi.com/caselaws?id=31885 Cenvat credit on supplementary invoices was held admissible where the underlying movement of goods was by stock transfer, because the bar on credit under Rule 7(1)(b) of the Cenvat Credit Rules, 2002 applies only to sales and not to stock transfers. Even though additional duty arose from alleged suppression or wilful misstatement, that did not attract the prohibition in a stock transfer transaction. The denial of credit was therefore set aside, and the consequential penalty and interest were also set aside for want of an independent basis. en-us Fri, 30 May 2008 00:00:00 +0530 Fri, 26 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31885 Cenvat credit on supplementary invoices was held admissible where the underlying movement of goods was by stock transfer, because the bar on credit under Rule 7(1)(b) of the Cenvat Credit Rules, 2002 applies only to sales and not to stock transfers. Even though additional duty arose from alleged suppression or wilful misstatement, that did not attract the prohibition in a stock transfer transaction. The denial of credit was therefore set aside, and the consequential penalty and interest were also set aside for want of an independent basis. Case-Laws Central Excise Fri, 30 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31885