2014 (10) TMI 375

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....r (AR), for the Respondent. ORDER Cenvat credit of Rs. 1,74,036/- has been demanded with interest. Penalty equal to the amount demanded has also been imposed. 2. The learned counsel submits that appellant has received rejected goods from the customer and same were accounted for in the Cenvat credit account maintained by them. According to him no further action was required on their part. O....

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....produce any such decision. In my opinion there is no such requirement in Rule 16 and according to Rule 16 any rejected goods on which duty has been paid can be brought back to the premises of a manufacturer for any reason and by following the procedure prescribed therein. What is required to be shown is that the goods have been accounted for. Now there are no prescribed statutory records in Centra....