https://www.taxtmi.com/caselaws?id=449462 The Tribunal set aside the order denying CENVAT credit to the appellant, a manufacturer of Bearing Rings, based on supplementary invoices from their supplier, NEI. The denial was initially due to alleged short payment of duty by NEI through fraud or misstatement. However, a separate Tribunal decision favored NEI, overturning penalties for short payment. As a result, the Tribunal concluded that the basis for denying the appellant's credit no longer existed, allowing the appeal and granting consequential benefits to the appellant. en-us Fri, 09 Feb 2024 00:00:00 +0530 Tue, 13 Feb 2024 07:42:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449462 The Tribunal set aside the order denying CENVAT credit to the appellant, a manufacturer of Bearing Rings, based on supplementary invoices from their supplier, NEI. The denial was initially due to alleged short payment of duty by NEI through fraud or misstatement. However, a separate Tribunal decision favored NEI, overturning penalties for short payment. As a result, the Tribunal concluded that the basis for denying the appellant's credit no longer existed, allowing the appeal and granting consequential benefits to the appellant. Case-Laws Central Excise Fri, 09 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449462