https://www.taxtmi.com/caselaws?id=32034 Cenvat credit under Rule 7(2) was treated as inadmissible where invoices were traceable to a non-existent supplier and the merchant intermediary's endorsement did not establish duty payment; the requirement of reasonable steps had to be assessed with reference to the actual supplier. On limitation, the extended period applied because the defect surfaced only after an alert circular revealed the supplier's non-existence, and disclosure of invoice details in returns did not prevent invocation of the longer limitation period. The note records that both the credit denial and the extended limitation were sustained. en-us Mon, 23 Jun 2008 00:00:00 +0530 Sat, 10 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32034 Cenvat credit under Rule 7(2) was treated as inadmissible where invoices were traceable to a non-existent supplier and the merchant intermediary's endorsement did not establish duty payment; the requirement of reasonable steps had to be assessed with reference to the actual supplier. On limitation, the extended period applied because the defect surfaced only after an alert circular revealed the supplier's non-existence, and disclosure of invoice details in returns did not prevent invocation of the longer limitation period. The note records that both the credit denial and the extended limitation were sustained. Case-Laws Central Excise Mon, 23 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32034