2010 (10) TMI 270

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....rder (Oral)]. - By the impugned order the demand of Rs. 24,256/- was confirmed against the appellants along with penalties on both the appellants. The facts of the case are that on information that M/s. Hindustan Electronics issued invoices for the capital goods but they have not supplied any capital goods with the impugned invoices and the appellants had taken the credit on said fake invoices. ....

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....cers during the course of visit to their factory premises, they took the 50% of the credit and reversed the credit taken on the invoices against which they procured these machines. Infact, there is no allegation against the appellants that these machines were not available in their factory and they had procured these machines from the open market or somewhere else without any invoices. In these ci....