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Central Excise - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

CENVAT Credit - Bogus invoices - Interest - Commissioner set ...


Fraudulent Credit via Bogus Invoices Requires Reversal with Interest Upon Discovery, Rules Commissioner.

April 3, 2014

Case Laws     Central Excise     AT

CENVAT Credit - Bogus invoices - Interest - Commissioner set aside interest - . Once it is proved that credit has been fraudulently availed on fake invoices, credit has to be reversed with interest for the period of its utilization - AT

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