Denial of CENVAT Credit Based Solely on Uncorroborated Third-Party Statements: CESTAT Sets Aside Demand [Read Order]
The tribunal observed that the denial relied only on statements without any independent evidence such as invoices, transport records, or bank transactions, and no opportunity for cross-examination was provided
The Allahabad Bench of Customs, Excise and Service TAx Appellate Tribunal ( CESTAT )set aside the demand against the assessee regarding denial of CENVAT credit, which was based solely on uncorroborated third-party statements from a supplier’s investigation. Hans Metals Ltd.,appellant-assessee, manufactured and cleared iron and steel sections. It claimed Cenvat credit on inputs, capital goods,…
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