New User   Login      
Tax Management India .com TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2015 (10) TMI 1324 - CESTAT NEW DELHI

2015 (10) TMI 1324 - CESTAT NEW DELHI - 2015 (322) E.L.T. 747 (Tri. - Del.) - Denial of CENVAT Credit - Bogus invoices - Issue of invoices without actual supply of goods - Held that:- Cenvat credit sought to be denied on the premise that M/s. Sidh Balak Enterprises has made a statement that they are issuing invoices and not supplying the goods. Therefore, it is a paper transaction. In this case statement of appellant has been recorded wherein he has admitted that they have received the goods aga .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ld be corroborative evidence to prove the allegation, as there is no corroborative evidence to prove the allegation against the appellant, therefore, demand confirmed in the impugned order are not sustainable and it cannot be alleged that there was merely a paper transaction on which the appellant has taken the Cenvat credit. In these circumstances, I set aside the impugned order - Decided in favour of assessee. - E/1433/2012-(SM) - Final Order No. A/50943/2015-EX(SM)(BR) - Dated:- 3-3-2015 - Sh .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

investigation was conducted at the end of M/s. Sidh Balak Enterprises in June wherein he has admitted that he was issuing invoices without supplying the goods. On the basis of statement of M/s. Sidh Balak Enterprises, a show cause notice was issued to the appellant to deny Cenvat credit on the invoices issued by M/s. Sidh Balak Enterprises, consequently to demand duty thereon along with interest and for imposition of penalty. Both lower authorities denied the Cenvat credit holding that there was .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version