Fraudulent Cenvat Credit Availment: Substantial Benefit Denied Due to Lack of Actual Goods Supply, Not Just Procedural Lapse.

Fraudulent Cenvat Credit Availment: Substantial Benefit Denied Due to Lack of Actual Goods Supply, Not Just Procedural Lapse. https://www.taxtmi.com/highlights?id=40912 Penalty - The plea that substantial benefit should not be denied for procedural lapse is clearly not tenable as there is fraudulent availment of Cenvat credit without supply of goods and it is not merely a procedural lapse. en-us Sat, 18 Aug 2018 16:53:28 +0530 Sat, 18 Aug 2018 16:53:28 +0530 TaxTMI RSS Generator Fraudulent Cenvat Credit Availment: Substantial Benefit Denied Due to Lack of Actual Goods Supply, Not Just Procedural Lapse. https://www.taxtmi.com/highlights?id=40912 Penalty - The plea that substantial benefit should not be denied for procedural lapse is clearly not tenable as there is fraudulent availment of Cenvat credit without supply of goods and it is not merely a procedural lapse. Highlights Central Excise Sat, 18 Aug 2018 16:53:28 +0530 https://www.taxtmi.com/highlights?id=40912