https://www.taxtmi.com/caselaws?id=235910 Cenvat credit was disallowed where the record showed that only paper invoices had been issued and the inputs were never physically received; inconsistent quantities and supplier admissions supported the finding that the credit was taken on fake invoices contrary to the Cenvat scheme. Equivalent penalty under Section 11AC was also sustained because the availment of credit on unsupported invoices was found to involve fraud and intent to defraud the Revenue. The demand, interest, and penalty were therefore maintained. en-us Wed, 29 May 2013 00:00:00 +0530 Thu, 08 Aug 2013 10:12:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235910 Cenvat credit was disallowed where the record showed that only paper invoices had been issued and the inputs were never physically received; inconsistent quantities and supplier admissions supported the finding that the credit was taken on fake invoices contrary to the Cenvat scheme. Equivalent penalty under Section 11AC was also sustained because the availment of credit on unsupported invoices was found to involve fraud and intent to defraud the Revenue. The demand, interest, and penalty were therefore maintained. Case-Laws Central Excise Wed, 29 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235910