https://www.taxtmi.com/caselaws?id=795557 Denial of CENVAT credit and consequential penalties cannot rest solely on a stock shortage estimated by visual inspection during physical verification. The verification record lacked item-wise details and evidence of actual weighment of pipes and tubes of different dimensions, while the claimed verification within approximately ten hours disclosed no reliable methodology. In the absence of concrete corroborative evidence of clandestine manufacture or removal, an alleged shortage based only on eye estimation could not support the demand. The article notes that the denial of credit and penalties was set aside. en-us Tue, 21 Jul 2026 00:00:00 +0530 Fri, 24 Jul 2026 08:36:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795557 Denial of CENVAT credit and consequential penalties cannot rest solely on a stock shortage estimated by visual inspection during physical verification. The verification record lacked item-wise details and evidence of actual weighment of pipes and tubes of different dimensions, while the claimed verification within approximately ten hours disclosed no reliable methodology. In the absence of concrete corroborative evidence of clandestine manufacture or removal, an alleged shortage based only on eye estimation could not support the demand. The article notes that the denial of credit and penalties was set aside. Case-Laws Central Excise Tue, 21 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795557