https://www.taxtmi.com/caselaws?id=125730 Cenvat credit taken on invoices later found to be fake was disallowed because the assessee had to ensure the genuineness of the supplier and take reasonable steps to verify that the inputs were duty-paid goods under Rule 7(2) of the Cenvat Credit Rules, 2004. The record showed no credible effort to establish the suppliers' identity and no proof of financial hardship to support a complete waiver of pre-deposit. The appellants were therefore denied full waiver and were directed to deposit 20% of the duty, with the balance duty and entire penalty waived subject to compliance. en-us Wed, 17 Dec 2008 00:00:00 +0530 Mon, 29 Oct 2012 16:14:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125730 Cenvat credit taken on invoices later found to be fake was disallowed because the assessee had to ensure the genuineness of the supplier and take reasonable steps to verify that the inputs were duty-paid goods under Rule 7(2) of the Cenvat Credit Rules, 2004. The record showed no credible effort to establish the suppliers' identity and no proof of financial hardship to support a complete waiver of pre-deposit. The appellants were therefore denied full waiver and were directed to deposit 20% of the duty, with the balance duty and entire penalty waived subject to compliance. Case-Laws Central Excise Wed, 17 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125730