https://www.taxtmi.com/caselaws?id=422982 CENVAT credit was held to remain available after rescission of Rule 12B where the assessee otherwise satisfied the statutory conditions and Rule 4(5)(a) permitted credit on inputs sent for job work. The addendum to the show-cause notice was treated as a valid supplement to the original fraud-based demand and not a fresh, independent notice. Credit taken on invoices of non-existent or bogus suppliers was held inadmissible because the recipient failed to verify supplier identity and address as required by Rule 9(3); the fraudulent credit was recoverable with interest and penalty. Penalty on a supplier found not proved non-existent was set aside, and the penalty on an individual noticee was reduced. en-us Mon, 28 Mar 2022 00:00:00 +0530 Fri, 27 May 2022 08:35:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422982 CENVAT credit was held to remain available after rescission of Rule 12B where the assessee otherwise satisfied the statutory conditions and Rule 4(5)(a) permitted credit on inputs sent for job work. The addendum to the show-cause notice was treated as a valid supplement to the original fraud-based demand and not a fresh, independent notice. Credit taken on invoices of non-existent or bogus suppliers was held inadmissible because the recipient failed to verify supplier identity and address as required by Rule 9(3); the fraudulent credit was recoverable with interest and penalty. Penalty on a supplier found not proved non-existent was set aside, and the penalty on an individual noticee was reduced. Case-Laws Central Excise Mon, 28 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422982