https://www.taxtmi.com/caselaws?id=765869 Cenvat credit on MS ingots procured through a registered first stage dealer was upheld because the invoices showed duty-paid inputs, the dealer chain reflected receipt and onward sale of the goods, and the appellant maintained supporting book entries and cheque payments. The allegation that only documents, and not goods, were received was not established on the record. Credit could not be denied merely on suspicion in the supply chain where the buyer had taken reasonable steps expected of a purchaser from a registered dealer. The demand, penalties, and connected adverse findings therefore could not survive. en-us Tue, 11 Feb 2025 00:00:00 +0530 Wed, 12 Feb 2025 08:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765869 Cenvat credit on MS ingots procured through a registered first stage dealer was upheld because the invoices showed duty-paid inputs, the dealer chain reflected receipt and onward sale of the goods, and the appellant maintained supporting book entries and cheque payments. The allegation that only documents, and not goods, were received was not established on the record. Credit could not be denied merely on suspicion in the supply chain where the buyer had taken reasonable steps expected of a purchaser from a registered dealer. The demand, penalties, and connected adverse findings therefore could not survive. Case-Laws Central Excise Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765869