https://www.taxtmi.com/forum/issue?id=4188 Issuing fake purchase invoices for MS scrap without actual supply constitutes an excise offence and can trigger a show cause notice, disallowance of CENVAT credit, recovery of tax with interest, cancellation of registration, personal liability for directors and employees, monetary penalties to recoup revenue loss, and possible criminal prosecution; the exact measures depend on the severity of allegations and the assessee's defence, and supplies from unregistered dealers affect CENVAT eligibility. en-us Sat, 26 May 2012 18:28:06 +0530 Thu, 23 Jan 2025 15:58:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4188 Issuing fake purchase invoices for MS scrap without actual supply constitutes an excise offence and can trigger a show cause notice, disallowance of CENVAT credit, recovery of tax with interest, cancellation of registration, personal liability for directors and employees, monetary penalties to recoup revenue loss, and possible criminal prosecution; the exact measures depend on the severity of allegations and the assessee's defence, and supplies from unregistered dealers affect CENVAT eligibility. Discussion-Forum Central Excise Sat, 26 May 2012 18:28:06 +0530 https://www.taxtmi.com/forum/issue?id=4188