https://www.taxtmi.com/highlights?id=94767 CESTAT dismissed the appeal, upholding denial of CENVAT credit and consequential demand and penalties. The appellant, a manufacturer of TMT bars without an induction furnace, had claimed credit on melting scrap imported and dealt with only on paper, which was not its input at the relevant time. The Tribunal held that Rule 9 does not permit endorsement of Bills of Entry by a registered dealer and that no evidence existed of physical receipt, movement or use of the scrap in manufacture. The paper transactions, lacking sale, purchase or actual transfer of goods, rendered the appellant ineligible for CENVAT credit. en-us Fri, 05 Dec 2025 08:12:38 +0530 Fri, 05 Dec 2025 08:12:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=94767 CESTAT dismissed the appeal, upholding denial of CENVAT credit and consequential demand and penalties. The appellant, a manufacturer of TMT bars without an induction furnace, had claimed credit on melting scrap imported and dealt with only on paper, which was not its input at the relevant time. The Tribunal held that Rule 9 does not permit endorsement of Bills of Entry by a registered dealer and that no evidence existed of physical receipt, movement or use of the scrap in manufacture. The paper transactions, lacking sale, purchase or actual transfer of goods, rendered the appellant ineligible for CENVAT credit. Highlights Central Excise Fri, 05 Dec 2025 08:12:38 +0530 https://www.taxtmi.com/highlights?id=94767