CENVAT Credit - invoices issued without actual supply of ...

Invoices sans supply,CENVAT misuse.Partner confessed fraud.Pre-emptive reversal,no retraction.Burden on manufacturer.Order upheld.

Case Laws Central Excise

August 1, 2024

CENVAT Credit - invoices issued without actual supply of materials - retraction of statements - burden of proof - personal penalty on partner of appellant firm. Mastermind partner admitted purchasing prime material, selling locally on cash basis, passing CENVAT Credit to manufacturers by misdescribing goods as "scrap". Other partner admitted taking CENVAT Credit on "scrap" described as "prime finished goods" in invoices. Appellant voluntarily debited CENVAT Credit before partner's statement, not retracting statement. Burden of proof regarding admissibility of CENVAT Credit lies with manufacturer as per Rules. No infirmity in impugned order, appeal dismissed.

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CENVAT Credit - invoices issued without actual supply of ...

Invoices sans supply,CENVAT misuse.Partner confessed fraud.Pre-emptive reversal,no retraction.Burden on manufacturer.Order upheld.

Case Laws Central Excise

August 1, 2024

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