https://www.taxtmi.com/caselaws?id=458968 The CESTAT Mumbai allowed the appeal against reversal of Cenvat credit on inputs found short during stock verification from April 2011 to December 2011. The Revenue had demanded recovery under Rule 14 of Cenvat Credit Rules, 2004 and Section 11A(1) of Central Excise Act, 1944 with interest and penalty. Following precedent in the assessee's own case, the Tribunal held that Cenvat credit cannot be denied based on theoretical variance in inputs. The impugned order was set aside as meritless. en-us Tue, 14 Mar 2023 00:00:00 +0530 Sun, 24 Nov 2024 09:33:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458968 The CESTAT Mumbai allowed the appeal against reversal of Cenvat credit on inputs found short during stock verification from April 2011 to December 2011. The Revenue had demanded recovery under Rule 14 of Cenvat Credit Rules, 2004 and Section 11A(1) of Central Excise Act, 1944 with interest and penalty. Following precedent in the assessee's own case, the Tribunal held that Cenvat credit cannot be denied based on theoretical variance in inputs. The impugned order was set aside as meritless. Case-Laws Central Excise Tue, 14 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458968