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2022 (7) TMI 190 - AT - Central ExciseCENVAT Credit - bogus invoices - passing on bogus cenvat credit without delivery of the goods - HELD THAT:- The appellant have brought on record cogent evidence in support of their contentions and they have supplied inputs along with cenvatable invoices and have received the payment through banking channels. It is further found that in the investigation at the end of Continental Engines, they have led evidence by way of books of accounts and records, they have actually received the goods. Further, in the statement of Shri Sharma ( of Continental Engines) recorded by Revenue, he has categorically stated that they have received the inputs along with cenvatable invoices and such inputs have been used by them in the manufacture of dutiable outputs, which have been cleared on payment of duty. Further, the payment for such transactions have been done through banking channels. The suspicion however, strong, cannot take place of evidence - appeal allowed - decided in favor of appellant.
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