2014 (10) TMI 272

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..... action has become questionable. Inputs when enter into the factory premises, those are meant for use in manufacture. Upon such entry, credit is availed by a manufacturer. But without using those inputs, when those are cleared as such, credit of duty taken on such duty was reversible on the date of clearance. If the inputs entering into premises of the manufacturer vanishes on the next day by clea .....

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..... emoval of input as such, credit was wrongly availed. Mere reversal of such credit on the last day of the month does not grant immunity from levy of interest. Such proposition was confirmed by the ld. Commissioner (Appeals). 2. The reason why the appellant was following the aforesaid modus operandi does not appeal to commonsense to appreciate. Bona fide of such action has become questionable. In .....

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