https://www.taxtmi.com/caselaws?id=209113 The Appellants, manufacturers of iron and steel products, faced denial of Cenvat credit on duty paid for raw materials supplied by a fraudulent dealer. The central excise officers found discrepancies in the invoices, leading to denial of credit, interest levy, and penalty imposition. The Appellant's claims were rejected, including the reversal of credit after investigations started. The Tribunal clarified the time limit for issuing Show Cause Notices in cases of fraudulent documents and addressed the interest payment provisions. The Tribunal granted the Appellant an opportunity to pay 25% of the penalty for final closure within 30 days, emphasizing compliance and timely resolution. en-us Wed, 23 Mar 2011 00:00:00 +0530 Mon, 29 Jul 2013 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209113 The Appellants, manufacturers of iron and steel products, faced denial of Cenvat credit on duty paid for raw materials supplied by a fraudulent dealer. The central excise officers found discrepancies in the invoices, leading to denial of credit, interest levy, and penalty imposition. The Appellant's claims were rejected, including the reversal of credit after investigations started. The Tribunal clarified the time limit for issuing Show Cause Notices in cases of fraudulent documents and addressed the interest payment provisions. The Tribunal granted the Appellant an opportunity to pay 25% of the penalty for final closure within 30 days, emphasizing compliance and timely resolution. Case-Laws Central Excise Wed, 23 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209113