https://www.taxtmi.com/news?id=4712 Investigations uncovered a scheme abusing Cenvat Credit whereby a single operator ran multiple registered dealers who procured metals on duty-paid invoices or import bills of entry and issued invoices to manufacturers without supplying goods. Searches and raids produced documentary evidence of fake invoices, detention of unaccounted metal stock, and seizure of cash, supporting bookings for tax evasion by passing central excise/countervailing duty as undeserved input credit to manufacturers. en-us Fri, 22 Feb 2013 17:29:07 +0530 Fri, 22 Feb 2013 17:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4712 Investigations uncovered a scheme abusing Cenvat Credit whereby a single operator ran multiple registered dealers who procured metals on duty-paid invoices or import bills of entry and issued invoices to manufacturers without supplying goods. Searches and raids produced documentary evidence of fake invoices, detention of unaccounted metal stock, and seizure of cash, supporting bookings for tax evasion by passing central excise/countervailing duty as undeserved input credit to manufacturers. News - Fri, 22 Feb 2013 17:29:07 +0530 https://www.taxtmi.com/news?id=4712