https://www.taxtmi.com/caselaws?id=255211 Cenvat credit on invoices issued through a second stage dealer may be denied where the invoice trail, unexplained time gaps between procurement and resale, and lack of storage capacity create serious doubt about actual movement of goods; credit was sustained only for one invoice accepted as genuine. Penalty under Rule 26 was also held sustainable against a registered dealer issuing bogus invoices without delivery of goods to enable wrongful credit, including for the pre-1.3.2007 period, though the penalty amount was reduced to Rs. 40,000. en-us Tue, 28 Oct 2014 00:00:00 +0530 Sat, 10 Jan 2015 10:53:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255211 Cenvat credit on invoices issued through a second stage dealer may be denied where the invoice trail, unexplained time gaps between procurement and resale, and lack of storage capacity create serious doubt about actual movement of goods; credit was sustained only for one invoice accepted as genuine. Penalty under Rule 26 was also held sustainable against a registered dealer issuing bogus invoices without delivery of goods to enable wrongful credit, including for the pre-1.3.2007 period, though the penalty amount was reduced to Rs. 40,000. Case-Laws Central Excise Tue, 28 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255211