CENVAT Credit Denied: Chartered Accountant's Certificate Insufficient Without Actual Receipt of Goods in Factory.

CENVAT credit - certificate of the Chartered Accountant is not based on the visit of the CA to the factory but it is based on the books of accounts and the balance sheet. The credit cannot be allowed simply on the basis of the entry made in the books of accounts without actual receipt of the goods. - AT .....

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