https://www.taxtmi.com/caselaws?id=424635 Penalty under Rule 25 of the Central Excise Rules was held unsustainable where invoices, transport documents, ledger records and banking entries supported actual supply of inputs and receipt of consideration. The recipient's records and statement also supported receipt and use of the goods in manufacture. Adverse inferences from third-party statements and alleged misuse of transport documents were found insufficient without cogent evidence of non-supply or cash-back. The decision reiterates that suspicion, however strong, cannot substitute for proof, and penalty based only on uncorroborated allegations of bogus invoicing cannot be sustained. en-us Tue, 07 Jun 2022 00:00:00 +0530 Wed, 06 Jul 2022 08:11:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424635 Penalty under Rule 25 of the Central Excise Rules was held unsustainable where invoices, transport documents, ledger records and banking entries supported actual supply of inputs and receipt of consideration. The recipient's records and statement also supported receipt and use of the goods in manufacture. Adverse inferences from third-party statements and alleged misuse of transport documents were found insufficient without cogent evidence of non-supply or cash-back. The decision reiterates that suspicion, however strong, cannot substitute for proof, and penalty based only on uncorroborated allegations of bogus invoicing cannot be sustained. Case-Laws Central Excise Tue, 07 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424635