CENVAT Credit availed by recipient not deniable as assessment made by dealer not revised

Future Generali India Insurance Company Ltd. Vs Commissioner of Customs (CESTAT Mumbai) CESTAT Mumbai held that unless and until the assessment made at the dealer’s end is revised or altered, the Cenvat credit availed on the basis of invoices by the recipient’s unit cannot denied/whittled down. Facts- The appellants herein, M/s Future Generali India Insurance Company Ltd., are engaged in the business of providing general insurance service pertaining to motor insurance, health insurance, property insurance, engineering insurance, liability insurance and other miscellaneous insurance service...