https://www.taxtmi.com/caselaws?id=209110 Cenvat credit is not admissible where invoices do not correspond to actual supply of goods, and unretracted statements showing that only invoices were issued on commission with cash cycling back can be relied on as substantive evidence. On the facts, the importer's statement and that of his employee established that no goods accompanied the invoices, so the record supported the finding that the scrap was not actually supplied. The denial of credit was therefore upheld, and the challenge to the demand and penalty failed. en-us Tue, 29 Mar 2011 00:00:00 +0530 Tue, 30 Jul 2013 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209110 Cenvat credit is not admissible where invoices do not correspond to actual supply of goods, and unretracted statements showing that only invoices were issued on commission with cash cycling back can be relied on as substantive evidence. On the facts, the importer's statement and that of his employee established that no goods accompanied the invoices, so the record supported the finding that the scrap was not actually supplied. The denial of credit was therefore upheld, and the challenge to the demand and penalty failed. Case-Laws Central Excise Tue, 29 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209110