https://www.taxtmi.com/caselaws?id=446919 The CESTAT Chandigarh ruled in favor of the appellant regarding CENVAT credit denial for HR coils/sheets. The Revenue alleged these were final products, not inputs, and that the appellant obtained invoices without actual goods movement. The tribunal held that HR coils can be inputs for manufacturing ingots/billets in induction furnaces. The Revenue failed to provide evidence through panchnama or investigate actual transportation, bank transactions, or record transporter statements. Without substantive evidence, mere allegations cannot sustain the case. The CENVAT credit was allowed and penalties were set aside. en-us Thu, 14 Dec 2023 00:00:00 +0530 Thu, 14 Dec 2023 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446919 The CESTAT Chandigarh ruled in favor of the appellant regarding CENVAT credit denial for HR coils/sheets. The Revenue alleged these were final products, not inputs, and that the appellant obtained invoices without actual goods movement. The tribunal held that HR coils can be inputs for manufacturing ingots/billets in induction furnaces. The Revenue failed to provide evidence through panchnama or investigate actual transportation, bank transactions, or record transporter statements. Without substantive evidence, mere allegations cannot sustain the case. The CENVAT credit was allowed and penalties were set aside. Case-Laws Central Excise Thu, 14 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446919