https://www.taxtmi.com/caselaws?id=34523 Modvat credit cannot arise from forged or fake invoices, because fraudulent documents confer no enforceable entitlement. Denial of credit, however, must rest on a reasoned adjudication that properly examines the evidence on receipt of inputs, supplier statements, retraction material, technical feasibility, pricing circumstances, and the assessee's explanation, while giving a fair opportunity to rebut the material. An order that fails to disclose how the enquiry evidence was dealt with, or does not record a proper appraisal before concluding non-receipt of inputs, is inconsistent with natural justice. The adjudication order was set aside and the matter remanded for fresh decision after full consideration of the record. en-us Mon, 17 Nov 2008 00:00:00 +0530 Mon, 07 Sep 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34523 Modvat credit cannot arise from forged or fake invoices, because fraudulent documents confer no enforceable entitlement. Denial of credit, however, must rest on a reasoned adjudication that properly examines the evidence on receipt of inputs, supplier statements, retraction material, technical feasibility, pricing circumstances, and the assessee's explanation, while giving a fair opportunity to rebut the material. An order that fails to disclose how the enquiry evidence was dealt with, or does not record a proper appraisal before concluding non-receipt of inputs, is inconsistent with natural justice. The adjudication order was set aside and the matter remanded for fresh decision after full consideration of the record. Case-Laws Central Excise Mon, 17 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34523