https://www.taxtmi.com/caselaws?id=347742 Cenvat credit cannot be denied merely because the inputs were alleged to have been purchased through fake invoices when the recipient maintained books of account and supporting records showing receipt of the goods. Where the buyer acted as a bona fide purchaser and took reasonable steps to verify the goods and their duty-paid character, it was not required to investigate the supplier's record chain. On that basis, the denial of credit was held unsustainable, and the demand and penalty were set aside with consequential relief. en-us Fri, 11 Aug 2017 00:00:00 +0530 Sat, 09 Sep 2017 13:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347742 Cenvat credit cannot be denied merely because the inputs were alleged to have been purchased through fake invoices when the recipient maintained books of account and supporting records showing receipt of the goods. Where the buyer acted as a bona fide purchaser and took reasonable steps to verify the goods and their duty-paid character, it was not required to investigate the supplier's record chain. On that basis, the denial of credit was held unsustainable, and the demand and penalty were set aside with consequential relief. Case-Laws Central Excise Fri, 11 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347742