https://www.taxtmi.com/caselaws?id=339859 Penalty under Rule 173Q of the Central Excise Rules, 1944 could not be sustained where it was based mainly on a third-party statement alleging bogus invoices, because no cross-examination was allowed and no independent enquiry or record verification supported the allegation. The absence of supplier-side investigation and of proof from stock or statutory records at the appellants' premises meant the charge was not established. Consistently with the connected matters and the High Court's view that Rule 173Q requires evidence that the assessee dealt with the goods during the relevant period, the penalty was set aside. en-us Fri, 10 Feb 2017 00:00:00 +0530 Fri, 21 Apr 2017 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339859 Penalty under Rule 173Q of the Central Excise Rules, 1944 could not be sustained where it was based mainly on a third-party statement alleging bogus invoices, because no cross-examination was allowed and no independent enquiry or record verification supported the allegation. The absence of supplier-side investigation and of proof from stock or statutory records at the appellants' premises meant the charge was not established. Consistently with the connected matters and the High Court's view that Rule 173Q requires evidence that the assessee dealt with the goods during the relevant period, the penalty was set aside. Case-Laws Central Excise Fri, 10 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339859