https://www.taxtmi.com/caselaws?id=122162 Cenvat credit taken on invoices issued by a supplier found non-existent at the stated address was inadmissible because fictitious invoices from a fraudulent source cannot support valid credit, and the manufacturer remained responsible for verifying the supplying chain. Duty and interest were therefore sustained. Penalty, however, was not upheld because the facts did not clearly establish conscious participation in the fraud, and the assessee was given the benefit of doubt on mens rea. The result was partial relief: credit was denied, but the penalty was deleted. en-us Fri, 01 Dec 2006 00:00:00 +0530 Mon, 12 Feb 2024 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122162 Cenvat credit taken on invoices issued by a supplier found non-existent at the stated address was inadmissible because fictitious invoices from a fraudulent source cannot support valid credit, and the manufacturer remained responsible for verifying the supplying chain. Duty and interest were therefore sustained. Penalty, however, was not upheld because the facts did not clearly establish conscious participation in the fraud, and the assessee was given the benefit of doubt on mens rea. The result was partial relief: credit was denied, but the penalty was deleted. Case-Laws Central Excise Fri, 01 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122162