https://www.taxtmi.com/caselaws?id=442394 CENVAT credit cannot be denied merely because suppliers are later found to be bogus or untraceable where receipt of goods is undisputed and the invoices were issued by registered manufacturers. Rule 7 of the CENVAT Credit Rules, 2002 requires the recipient to take reasonable steps to verify the supplier's identity and address, but later inability to trace the original supplier does not by itself render the invoices fake or fraudulent in law. On facts, the transactions were supported by documents and materially matched the earlier precedent, so the demand and penalty were unsustainable and the credit reversal was set aside on merits. en-us Fri, 25 Aug 2023 00:00:00 +0530 Wed, 21 Jan 2026 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442394 CENVAT credit cannot be denied merely because suppliers are later found to be bogus or untraceable where receipt of goods is undisputed and the invoices were issued by registered manufacturers. Rule 7 of the CENVAT Credit Rules, 2002 requires the recipient to take reasonable steps to verify the supplier's identity and address, but later inability to trace the original supplier does not by itself render the invoices fake or fraudulent in law. On facts, the transactions were supported by documents and materially matched the earlier precedent, so the demand and penalty were unsustainable and the credit reversal was set aside on merits. Case-Laws Central Excise Fri, 25 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442394