https://www.taxtmi.com/caselaws?id=171439 Wrongful Modvat/Cenvat credit based on claimed receipt and transport of goods was treated as unsustainable where the factual finding showed the goods had not been received or moved through the vehicles asserted by the assessee. On that basis, the ingredient of intent to evade duty was considered established, and the consequential recovery of credit, interest and penalty under the excise provisions was upheld. The commentary states that an unimpeached factual finding of non-receipt or non-transport is sufficient to sustain denial of credit and the associated fiscal consequences. en-us Thu, 20 Mar 2014 00:00:00 +0530 Wed, 24 Jun 2015 15:17:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171439 Wrongful Modvat/Cenvat credit based on claimed receipt and transport of goods was treated as unsustainable where the factual finding showed the goods had not been received or moved through the vehicles asserted by the assessee. On that basis, the ingredient of intent to evade duty was considered established, and the consequential recovery of credit, interest and penalty under the excise provisions was upheld. The commentary states that an unimpeached factual finding of non-receipt or non-transport is sufficient to sustain denial of credit and the associated fiscal consequences. Case-Laws Central Excise Thu, 20 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171439