https://www.taxtmi.com/caselaws?id=443889 The Tribunal ruled in favor of the Appellant, a manufacturer of excisable goods, in a case concerning the irregular availment of Cenvat Credit due to alleged clandestine removal of C.I. Moulds without payment. The Commissioner's demand confirmation and penalty imposition were challenged by the Appellant, who successfully demonstrated proper usage and disposal of the moulds in their manufacturing process. The Tribunal acknowledged the essential role of C.I. Moulds, accepted the Appellant's accounting practices, and dismissed the Revenue's claims of clandestine clearance due to lack of concrete evidence, ultimately setting aside the impugned order and penalty. en-us Wed, 04 Oct 2023 00:00:00 +0530 Thu, 05 Oct 2023 07:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443889 The Tribunal ruled in favor of the Appellant, a manufacturer of excisable goods, in a case concerning the irregular availment of Cenvat Credit due to alleged clandestine removal of C.I. Moulds without payment. The Commissioner's demand confirmation and penalty imposition were challenged by the Appellant, who successfully demonstrated proper usage and disposal of the moulds in their manufacturing process. The Tribunal acknowledged the essential role of C.I. Moulds, accepted the Appellant's accounting practices, and dismissed the Revenue's claims of clandestine clearance due to lack of concrete evidence, ultimately setting aside the impugned order and penalty. Case-Laws Central Excise Wed, 04 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443889