https://www.taxtmi.com/caselaws?id=250706 Invoices issued without actual supply or physical movement of goods do not support valid Cenvat credit, and subsequent invoices built on such paper transactions also fail for want of legal efficacy. A registered dealer must issue invoices only for actual supplies, and issuing invoices to facilitate wrongful credit attracts penalty under the central excise and Cenvat framework. The insertion of Rule 26(2) was treated as clarificatory, so penalty remained sustainable even for the period before that amendment where the dealer was involved in invoices intended to evade duty and enable ineligible credit. en-us Wed, 06 Aug 2014 00:00:00 +0530 Fri, 22 Aug 2014 09:08:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250706 Invoices issued without actual supply or physical movement of goods do not support valid Cenvat credit, and subsequent invoices built on such paper transactions also fail for want of legal efficacy. A registered dealer must issue invoices only for actual supplies, and issuing invoices to facilitate wrongful credit attracts penalty under the central excise and Cenvat framework. The insertion of Rule 26(2) was treated as clarificatory, so penalty remained sustainable even for the period before that amendment where the dealer was involved in invoices intended to evade duty and enable ineligible credit. Case-Laws Central Excise Wed, 06 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250706