2018 (2) TMI 806

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..... ence to substantiate its stand that the appellant did not supply the goods and only issued invoices, facilitating the buyer to avail Cenvat credit, such stand of department cannot be accepted in view of the documents/records 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, Mem .....

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..... s 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. Accordingly, after initiation of show cause proceedings, penalty of Rs. One lakh was confirmed on M/s Daga Trading Co. and ₹ 70,000/- on its Director Shri Ramesh Kumar Daga. 3. The ld. Advocate appearing for .....

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..... r the Revenue reiterated the findings recorded in the impugned order. 5. Heard both sides and perused the case records. 6. I find from the reconciliation statement available in the case records that the goods received from Rashtriya Ispat Nigam Ltd. were sold by the appellant company to M/s Veekay Industries under the cover of Central Excise invoices. Further, the transport documents and the .....

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