https://www.taxtmi.com/caselaws?id=441489 Demand of excess Cenvat credit based on a theoretical input-consumption norm was unsustainable because the adjudicating authority lacked actual verification of consumption or any reliable basis to fix the quantity of inputs required for manufacture. A show-cause notice resting on presumption, rather than legally supportable computation, could not sustain the demand. The record also did not justify invocation of the extended limitation period on the ground of suppression. On these findings, the demand and penalty were held unsustainable and the matter was decided in favour of the assessee. en-us Mon, 13 Mar 2023 00:00:00 +0530 Thu, 10 Aug 2023 07:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441489 Demand of excess Cenvat credit based on a theoretical input-consumption norm was unsustainable because the adjudicating authority lacked actual verification of consumption or any reliable basis to fix the quantity of inputs required for manufacture. A show-cause notice resting on presumption, rather than legally supportable computation, could not sustain the demand. The record also did not justify invocation of the extended limitation period on the ground of suppression. On these findings, the demand and penalty were held unsustainable and the matter was decided in favour of the assessee. Case-Laws Central Excise Mon, 13 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441489