https://www.taxtmi.com/caselaws?id=335571 CESTAT Hyderabad held that reversal of CENVAT credit, with interest and penalty, could not be sustained where the department alleged fake invoices and non-receipt of goods without independent proof. The assessee's RG-23 records, weighment slips and chartered accountant's certificate supported receipt, return and accounting of the goods, and the dispute was limited to two invoices while other dealings with the same suppliers were not challenged. Mere investigative statements and inferences from alleged dealer irregularities were insufficient to displace this evidence. The demand was therefore set aside and consequential relief followed. en-us Mon, 26 Sep 2016 00:00:00 +0530 Thu, 16 Nov 2017 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335571 CESTAT Hyderabad held that reversal of CENVAT credit, with interest and penalty, could not be sustained where the department alleged fake invoices and non-receipt of goods without independent proof. The assessee's RG-23 records, weighment slips and chartered accountant's certificate supported receipt, return and accounting of the goods, and the dispute was limited to two invoices while other dealings with the same suppliers were not challenged. Mere investigative statements and inferences from alleged dealer irregularities were insufficient to displace this evidence. The demand was therefore set aside and consequential relief followed. Case-Laws Central Excise Mon, 26 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335571