https://www.taxtmi.com/caselaws?id=311245 Cenvat credit cannot be denied merely because the goods received are described as finished products for another industry if there is no investigation or evidence showing that the inputs were not actually received in the factory or were diverted by the assessee or supplier. The denial based only on assumption and presumption was unsustainable, and the cited circular supported the view that steel former actually consumed and contained in ingots and billets qualifies as input. On that basis, the credit was held admissible and the impugned orders were set aside. en-us Tue, 11 Sep 2018 00:00:00 +0530 Thu, 14 Dec 2023 20:04:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311245 Cenvat credit cannot be denied merely because the goods received are described as finished products for another industry if there is no investigation or evidence showing that the inputs were not actually received in the factory or were diverted by the assessee or supplier. The denial based only on assumption and presumption was unsustainable, and the cited circular supported the view that steel former actually consumed and contained in ingots and billets qualifies as input. On that basis, the credit was held admissible and the impugned orders were set aside. Case-Laws Central Excise Tue, 11 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311245