https://www.taxtmi.com/caselaws?id=437623 Cenvat credit on inputs cannot be denied merely because the supplier's process was later held not to amount to manufacture and the supplier's payment was characterised as a deposit rather than excise duty. Where the supplier's payment had been accepted in assessment, the recipient held valid invoices, and the inputs were used in manufacture, the credit scheme continued to apply. The departmental view at the recipient's end could not retrospectively recharacterise the supplier's duty payment or defeat otherwise eligible credit. On that basis, the disallowance of credit was not sustainable, and the related demand, interest, and penalty also fell. en-us Thu, 23 Feb 2023 00:00:00 +0530 Wed, 10 May 2023 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437623 Cenvat credit on inputs cannot be denied merely because the supplier's process was later held not to amount to manufacture and the supplier's payment was characterised as a deposit rather than excise duty. Where the supplier's payment had been accepted in assessment, the recipient held valid invoices, and the inputs were used in manufacture, the credit scheme continued to apply. The departmental view at the recipient's end could not retrospectively recharacterise the supplier's duty payment or defeat otherwise eligible credit. On that basis, the disallowance of credit was not sustainable, and the related demand, interest, and penalty also fell. Case-Laws Central Excise Thu, 23 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437623