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2010 (2) TMI 552 - HC - Central ExciseCenvat credit - Supplier of assessee is fraudulently passing on Cenvat credit by issuing invoices, which are not accompanied by goods – It was found that assessee was involved in only one fictitious transaction – assessee voluntarily debited the amount - of Cenvat credit had been wrongly availed - no corroboration by the Revenue during the investigation - part of the statement is in favour of the Revenue and part of it not - to be believed then it has to be believed in entirety – Held that: - Tribunal was right in coming to the conclusion that even as per the statement the transaction of purchase of goods and its receipt in the factory are genuine.
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