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M/s Daga Trading Co. (P) Ltd., Shri Ramesh Kumar Daga Versus CCE, Delhi-I

2018 (2) TMI 806 - CESTAT NEW DELHI

CENVAT credit - allegations against the appellants are that they have never purchased raw material from the various suppliers and issued bogus invoices to M/s Veekay Industries for availment of Cenvat credit - Held that: - Since, the department has n .....

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rds submitted by the appellant - appeal allowed - decided in favor of appellant. - E/57637-57638/2013-SM - A/50118-50119/2018-SM[BR] - Dated:- 12-1-2018 - Mr. S.K. Mohanty, Member (Judicial) Shri M.K. Gandhi, Advocate, Ms. Ambica Singh, C.A. - for th .....

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that an intelligence was received by the department that one Shri Veekay Industries was showing fraudulent purchase of raw material from two dealers viz. Jagdamba Steels and M/s Daga Trading Co. Pvt. Ltd., for availment of inadmissible Cenvat credit. .....

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d raw material from the various suppliers and issued bogus invoices to M/s Veekay Industries for availment of Cenvat credit. Accordingly, after initiation of show cause proceedings, penalty of Rs. One lakh was confirmed on M/s Daga Trading Co. and &# .....

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NL) and supplied the same to M/s Veekay Industries on the cover of valid invoices. He also submitted sample copies of delivery challan-cum- invoices issued by M/s RINL in favour of the appellant company, evidencing receipt of the goods in its registe .....

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the appellant company under the cover of valid duty paid document, penalties cannot be imposed against them. 4. The ld. DR appearing for the Revenue reiterated the findings recorded in the impugned order. 5. Heard both sides and perused the case rec .....

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