https://www.taxtmi.com/caselaws?id=251305 Cenvat credit on invoices issued by a registered manufacturer could not be denied merely because the supplier was later untraceable, where the invoices were genuine and there was no allegation that the assessee was party to fraud. The distinction between a forged document and a genuine document arising from a questionable transaction was recognised, and reasonable steps under the Cenvat Credit Rules were noted. The demand was also held time-barred because the extended limitation period was unavailable absent fraud, suppression, or positive evasion by the assessee. On that basis, the remand for fresh verification was unsustainable. en-us Wed, 19 Dec 2012 00:00:00 +0530 Wed, 10 Sep 2014 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251305 Cenvat credit on invoices issued by a registered manufacturer could not be denied merely because the supplier was later untraceable, where the invoices were genuine and there was no allegation that the assessee was party to fraud. The distinction between a forged document and a genuine document arising from a questionable transaction was recognised, and reasonable steps under the Cenvat Credit Rules were noted. The demand was also held time-barred because the extended limitation period was unavailable absent fraud, suppression, or positive evasion by the assessee. On that basis, the remand for fresh verification was unsustainable. Case-Laws Central Excise Wed, 19 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251305