https://www.taxtmi.com/caselaws?id=235403 Cenvat credit cannot be denied to a manufacturer who received inputs under proper dealer invoices, recorded the goods in statutory registers, used them in manufacture, and paid by cheque, merely because the first stage dealer allegedly sourced the goods from a non-existent supplier. Where the recipient has complied with invoice requirements and the precautions contemplated by the Cenvat Credit Rules, the movement and use of goods are established, and the recipient is not required to verify the supplier's internal records beyond matters within its control. The Board's circular on bona fide consignee transactions supports allowance of credit in such circumstances. en-us Mon, 01 Jul 2013 00:00:00 +0530 Wed, 30 Aug 2023 14:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235403 Cenvat credit cannot be denied to a manufacturer who received inputs under proper dealer invoices, recorded the goods in statutory registers, used them in manufacture, and paid by cheque, merely because the first stage dealer allegedly sourced the goods from a non-existent supplier. Where the recipient has complied with invoice requirements and the precautions contemplated by the Cenvat Credit Rules, the movement and use of goods are established, and the recipient is not required to verify the supplier's internal records beyond matters within its control. The Board's circular on bona fide consignee transactions supports allowance of credit in such circumstances. Case-Laws Central Excise Mon, 01 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235403