https://www.taxtmi.com/caselaws?id=363961 Cenvat credit could not be denied where the assessee received inputs under duty-paid invoices from a registered dealer and paid by account payee cheque. Mere allegations based on the dealer's records or third-party statements were insufficient, because the record did not show any cash transaction or non-receipt of goods, and the Revenue failed to conduct independent enquiry to disprove receipt or trace any fraudulent flow of funds. Production of the prescribed invoices satisfied Rule 9(3), and the burden remained on the Revenue to produce tangible evidence of bogus availment. The credit disallowance was therefore unsustainable. en-us Mon, 12 Feb 2018 00:00:00 +0530 Sat, 21 Jul 2018 09:35:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363961 Cenvat credit could not be denied where the assessee received inputs under duty-paid invoices from a registered dealer and paid by account payee cheque. Mere allegations based on the dealer's records or third-party statements were insufficient, because the record did not show any cash transaction or non-receipt of goods, and the Revenue failed to conduct independent enquiry to disprove receipt or trace any fraudulent flow of funds. Production of the prescribed invoices satisfied Rule 9(3), and the burden remained on the Revenue to produce tangible evidence of bogus availment. The credit disallowance was therefore unsustainable. Case-Laws Central Excise Mon, 12 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363961