CENVAT Credit Allowed: Insufficient Evidence of Fictitious Purchases and Non-Delivery of Copper Ingots and Bars.

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Full Text of the Document

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....CENVAT Credit - inputs - Copper Ingots/imported Ingots/Bars - alleged fictitious purchases - there is no evidence of flow back of funds to the appellant - the revenue did not conduct any investigation to ascertain if the goods allegedly not received by the appellant were diverted elsewhere - only on the basis of check-post report, it cannot be concluded that the trucks did not transport the goods to the appellant factory - input allowable....