https://www.taxtmi.com/caselaws?id=238041 Cenvat credit is inadmissible where invoices are issued without actual supply or receipt of goods, and credit routed through a second-stage dealer is equally disallowed when the underlying invoices are non-genuine. The text states that the manufacturer's recorded statement admitted no goods were supplied against the invoices, supporting the finding that the credits were wrongly availed. On that basis, the matter is treated as attracting mandatory equal penalty under Rule 15 of the Cenvat Credit Rules, 2004 read with Section 11AC of the Central Excise Act, 1944. The denial of credit and the equal penalty are upheld, and the demand and penalties are sustained. en-us Fri, 30 Aug 2013 00:00:00 +0530 Sat, 16 Nov 2013 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238041 Cenvat credit is inadmissible where invoices are issued without actual supply or receipt of goods, and credit routed through a second-stage dealer is equally disallowed when the underlying invoices are non-genuine. The text states that the manufacturer's recorded statement admitted no goods were supplied against the invoices, supporting the finding that the credits were wrongly availed. On that basis, the matter is treated as attracting mandatory equal penalty under Rule 15 of the Cenvat Credit Rules, 2004 read with Section 11AC of the Central Excise Act, 1944. The denial of credit and the equal penalty are upheld, and the demand and penalties are sustained. Case-Laws Central Excise Fri, 30 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238041