https://www.taxtmi.com/caselaws?id=240912 CENVAT credit on capital goods was denied where the goods had been cleared by the manufacturer without payment of duty and duty was paid only later. The credit claim failed because the clearance involved suppression and misstatement, and the purchaser's own statement indicated a payment arrangement linked to settlement of outstanding dues, with over-valuation raising doubt about bona fide purchase. In these circumstances, credit could not be taken merely on the strength of invoices issued by a registered dealer. The limitation objection also failed on the facts, leaving the credit demand intact. en-us Tue, 04 Jun 2013 00:00:00 +0530 Sat, 14 Dec 2013 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240912 CENVAT credit on capital goods was denied where the goods had been cleared by the manufacturer without payment of duty and duty was paid only later. The credit claim failed because the clearance involved suppression and misstatement, and the purchaser's own statement indicated a payment arrangement linked to settlement of outstanding dues, with over-valuation raising doubt about bona fide purchase. In these circumstances, credit could not be taken merely on the strength of invoices issued by a registered dealer. The limitation objection also failed on the facts, leaving the credit demand intact. Case-Laws Central Excise Tue, 04 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240912