Central Excise Duty Evasion Case Booked by Directorate General of Central Excise Intelligence (DGCEI) against M/S. Sai Steel Traders and M/S. Sai Multimetals, Mandi Gobindgarh; The Fraudulent Availment of Cenvat Credit and Consequent Loss of Revenue is estimated to be in the Range of Rs.100 Crore.

Central Excise Duty Evasion Case Booked by Directorate General of Central Excise Intelligence (DGCEI) against M/S. Sai Steel Traders and M/S. Sai Multimetals, Mandi Gobindgarh; The Fraudulent Availment of Cenvat Credit and Consequent Loss of Revenue is estimated to be in the Range of Rs.100 Crore. https://www.taxtmi.com/news?id=5044 Investigations allege large scale evasion of central excise duties via fraudulent issuance and misuse of CENVAT Credit, where goods were supplied to re rolling mills for cash without bills while cenvatable invoices were issued to furnace units, enabling inadmissible credit through coordinated paper transactions and a dealer manufacturer nexus. en-us Mon, 08 Apr 2013 18:31:35 +0530 Mon, 08 Apr 2013 18:31:35 +0530 TaxTMI RSS Generator Central Excise Duty Evasion Case Booked by Directorate General of Central Excise Intelligence (DGCEI) against M/S. Sai Steel Traders and M/S. Sai Multimetals, Mandi Gobindgarh; The Fraudulent Availment of Cenvat Credit and Consequent Loss of Revenue is estimated to be in the Range of Rs.100 Crore. https://www.taxtmi.com/news?id=5044 Investigations allege large scale evasion of central excise duties via fraudulent issuance and misuse of CENVAT Credit, where goods were supplied to re rolling mills for cash without bills while cenvatable invoices were issued to furnace units, enabling inadmissible credit through coordinated paper transactions and a dealer manufacturer nexus. News - Mon, 08 Apr 2013 18:31:35 +0530 https://www.taxtmi.com/news?id=5044