https://www.taxtmi.com/caselaws?id=180761 Modvat credit was denied because actual receipt of inputs was not proved. The invoices carried false transport particulars, including vehicle numbers inconsistent with the alleged steel consignments, and the record showed no stock entry, no proper entry in the statutory register, and admissions that the goods were not reflected as received. On this evidence, the transactions were treated as paper transactions involving fictitious movement rather than real supply, so the invoices could not support credit. The penalties were also upheld as justified. en-us Fri, 28 Sep 2007 00:00:00 +0530 Fri, 01 Apr 2016 11:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180761 Modvat credit was denied because actual receipt of inputs was not proved. The invoices carried false transport particulars, including vehicle numbers inconsistent with the alleged steel consignments, and the record showed no stock entry, no proper entry in the statutory register, and admissions that the goods were not reflected as received. On this evidence, the transactions were treated as paper transactions involving fictitious movement rather than real supply, so the invoices could not support credit. The penalties were also upheld as justified. Case-Laws Central Excise Fri, 28 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180761