2012 (12) TMI 677

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.... D.N. Panda:- 1. Assessee came up in appeal against first appellate order upholding adjudication holding that investigation successfully proved that invoices against which cenvat credit was availed by the appellant did not result in any physical arrival of the inputs in terms of invoices No.2819 dated 4.3.2003 involving cenvat credit of Rs. 44,068/- and invoice No.1103 dated 7.3.2003 involving....

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....ad claimed credit on the basis of aforesaid invoices issued by M/s. Bhagwati Trading Co., Faridabad, Ms. Ayushi Steel Co. Pvt.Ltd., Faridabad and M/s. Om Iron and Steel. Statement recorded from one of Shri Rupesh Bansal proprietor of M/s. Bhagwati Trading Co. and one of the directors M/s. Om Iron and Steel provided that without inputs being supplied by them to the appellant only invoices were issu....