Friday 12 September 2014

Dealer liable for penalty if supplier had admitted issuance of fake Cenvatable invoices without move

Excise & Customs : Where raw material supplier has admitted that he had issued Cenvatable invoices without actually supplying goods and assessee-dealer cannot prove certainly that goods received by him were actually duty-paid and were of said supplier, said facts are sufficient to prove 'fraud' and assessee-dealer is liable to penalty


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