https://www.taxtmi.com/caselaws?id=122050 Cenvat credit on capital goods was examined in the context of supplementary invoices issued by suppliers and an objection that such invoices were not valid documents. The analysis focused on Rule 7 of the Cenvat Credit Rules, 2002 and the effect of the departmental circular recognising that reversal proceedings should not be pursued where the transaction is bona fide. On that basis, the appellate order allowing credit was found free from infirmity, and the challenge to the demand, interest and penalty was held to have no merit. en-us Thu, 13 Jul 2006 00:00:00 +0530 Wed, 08 Aug 2012 12:30:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122050 Cenvat credit on capital goods was examined in the context of supplementary invoices issued by suppliers and an objection that such invoices were not valid documents. The analysis focused on Rule 7 of the Cenvat Credit Rules, 2002 and the effect of the departmental circular recognising that reversal proceedings should not be pursued where the transaction is bona fide. On that basis, the appellate order allowing credit was found free from infirmity, and the challenge to the demand, interest and penalty was held to have no merit. Case-Laws Central Excise Thu, 13 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122050