https://www.taxtmi.com/caselaws?id=389293 The court ruled in favor of the appellant, M/s Avon Meters Pvt. Ltd., allowing them to avail CENVAT credit on inputs received in their factory premises. The court found that the evidence provided by the Revenue was insufficient to prove that the transactions were merely on paper. Additionally, penalties imposed under Rule 26 for issuing invoices without actual supply of goods were set aside due to lack of concrete evidence. The judgment highlighted the importance of procedural compliance, evidence substantiation, and the need for reliable proof before imposing penalties or denying tax credits. en-us Tue, 03 Dec 2019 00:00:00 +0530 Thu, 05 Dec 2019 10:45:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389293 The court ruled in favor of the appellant, M/s Avon Meters Pvt. Ltd., allowing them to avail CENVAT credit on inputs received in their factory premises. The court found that the evidence provided by the Revenue was insufficient to prove that the transactions were merely on paper. Additionally, penalties imposed under Rule 26 for issuing invoices without actual supply of goods were set aside due to lack of concrete evidence. The judgment highlighted the importance of procedural compliance, evidence substantiation, and the need for reliable proof before imposing penalties or denying tax credits. Case-Laws Central Excise Tue, 03 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389293