https://www.taxtmi.com/caselaws?id=249319 Cenvat credit was held inadmissible where invoices were issued by a dealer found to be fictitious and the underlying dealings were mere paper transactions. The Tribunal found that the dealer had no genuine business premises or godown, and that there was no actual movement of goods. It held that invoices arising from fraudulent transactions lost their authenticity, and payment through banking channels or supporting papers could not cure the defect when the transactions themselves were vitiated by fraud. The credit claim therefore failed, and the disallowance of credit with penalty was restored. en-us Fri, 21 Mar 2014 00:00:00 +0530 Thu, 20 Nov 2014 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249319 Cenvat credit was held inadmissible where invoices were issued by a dealer found to be fictitious and the underlying dealings were mere paper transactions. The Tribunal found that the dealer had no genuine business premises or godown, and that there was no actual movement of goods. It held that invoices arising from fraudulent transactions lost their authenticity, and payment through banking channels or supporting papers could not cure the defect when the transactions themselves were vitiated by fraud. The credit claim therefore failed, and the disallowance of credit with penalty was restored. Case-Laws Central Excise Fri, 21 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249319