The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the denial of Modvat credit was not sustainable without substantiating with corroborative evidence. The appellants M/s Mak Engineering Industries Limited and M/s Alloy Steel Rolling Mills (ASRM) challenged the order dated 21.02.2012 passed by the Commissioner of Central Excise, Kolkata-II…
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