https://www.taxtmi.com/caselaws?id=770368 CESTAT New Delhi allowed the appeal challenging denial of CENVAT credit and penalty imposition. Revenue alleged appellant took credit on invoices from non-existent second stage dealer without receiving goods. CESTAT held appellant entitled to credit as goods were received, entered in statutory records, used in manufacturing final products with duty paid. Revenue failed to investigate alternative source of inputs or provide evidence of non-receipt. Invoices complied with Rule 9(2) requirements and payments made through account payee cheque. Following Allahabad HC precedent in Commissioner vs. Juhi Alloys Ltd., tribunal found appellant acted with reasonable diligence. Both credit denial and penalty set aside. en-us Thu, 08 May 2025 00:00:00 +0530 Fri, 09 May 2025 10:50:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770368 CESTAT New Delhi allowed the appeal challenging denial of CENVAT credit and penalty imposition. Revenue alleged appellant took credit on invoices from non-existent second stage dealer without receiving goods. CESTAT held appellant entitled to credit as goods were received, entered in statutory records, used in manufacturing final products with duty paid. Revenue failed to investigate alternative source of inputs or provide evidence of non-receipt. Invoices complied with Rule 9(2) requirements and payments made through account payee cheque. Following Allahabad HC precedent in Commissioner vs. Juhi Alloys Ltd., tribunal found appellant acted with reasonable diligence. Both credit denial and penalty set aside. Case-Laws Central Excise Thu, 08 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770368