https://www.taxtmi.com/caselaws?id=469890 CENVAT credit disputes arising from alleged shortages, diversion of imported and domestic raw materials, and claimed clandestine removals were examined against the evidentiary record. Mere stock shortages, without corroboration of removal, buyers, transport, or sale proceeds, were treated as insufficient to sustain credit denial. Reliance on transporter and vehicle-owner statements was also found inadequate where Section 9D requirements were not met and documentary evidence supported the assessees. Alleged fictitious sales to Kolkata buyers and the related demand for credit were similarly unsupported by clinching proof of diversion. The connected penalty exposure on individuals was consequential only and could not survive once the substantive demands failed. en-us Wed, 26 Jun 2024 00:00:00 +0530 Wed, 08 Jul 2026 15:35:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469890 CENVAT credit disputes arising from alleged shortages, diversion of imported and domestic raw materials, and claimed clandestine removals were examined against the evidentiary record. Mere stock shortages, without corroboration of removal, buyers, transport, or sale proceeds, were treated as insufficient to sustain credit denial. Reliance on transporter and vehicle-owner statements was also found inadequate where Section 9D requirements were not met and documentary evidence supported the assessees. Alleged fictitious sales to Kolkata buyers and the related demand for credit were similarly unsupported by clinching proof of diversion. The connected penalty exposure on individuals was consequential only and could not survive once the substantive demands failed. Case-Laws Central Excise Wed, 26 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469890