https://www.taxtmi.com/caselaws?id=200416 Under the Cenvat scheme, credit cannot be denied to a bona fide recipient who received inputs under dealer invoices and maintained contemporaneous supporting records, including proof of receipt and payment by cheque, because the buyer is not required to trace alleged defects in upstream invoices where due diligence is shown. Credit and related penalties remain sustainable where the recipient is found to have colluded in a fraudulent invoicing chain and actively assisted in passing illegal credit. The Tribunal accordingly protected credit and removed penalties for appellants demonstrating genuine receipt and good faith, while sustaining both denial of credit and penalties against those proved to be part of the fraud. en-us Fri, 21 Apr 2017 00:00:00 +0530 Wed, 28 Mar 2018 08:07:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200416 Under the Cenvat scheme, credit cannot be denied to a bona fide recipient who received inputs under dealer invoices and maintained contemporaneous supporting records, including proof of receipt and payment by cheque, because the buyer is not required to trace alleged defects in upstream invoices where due diligence is shown. Credit and related penalties remain sustainable where the recipient is found to have colluded in a fraudulent invoicing chain and actively assisted in passing illegal credit. The Tribunal accordingly protected credit and removed penalties for appellants demonstrating genuine receipt and good faith, while sustaining both denial of credit and penalties against those proved to be part of the fraud. Case-Laws Central Excise Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200416