2018 (9) TMI 2136

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....dent : Shri Atul Handa, AR ORDER PER : MR. ASHOK JINDAL The appellant has filed these appeals against the impugned orders wherein the Cenvat credit on C.R. Sheets, Rounds, H.R. Coils was denied on the premise that the said inputs itself are finished goods for some other industry, therefore, the same cannot be input for the appellant. 2. The facts of the case are that the appellant is m....

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....is before us. 3. Ld. Counsel appearing on behalf of the appellant submits that no evidence has been brought by the Revenue and no investigation has been conducted by the Revenue to establish the fact that these inputs have not been received by the appellant. The whole allegation on the basis of assumption and presumption that the inputs received by the appellant are finished goods for some othe....

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....uts in their factory or not, how these inputs have been diverted by the appellants or the supplier. The allegation made against the appellant is merely on the basis of assumption and presumption, therefore, the said allegation is not sustainable. Further, I find that the CBEC Circular No. 690/6/2003-CX dated 20.01.2003 has explained the position which is as follows:- "3. Since the "Steal ....