CESTAT Upholds Cenvat Credit Denial for Use of Non-Genuine Excise Duty-Paid Documents

Saiyam Silk Mills Pvt Ltd Vs Commissioner of CGST & Central Excise (CESTAT Ahmedabad) In Saiyam Silk Mills Pvt. Ltd. Vs. Commissioner of CGST & Central Excise, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad, upheld the denial of Cenvat Credit amounting to Rs.15,64,330 availed by the appellant on invoices issued by suppliers subsequently found to be fake, bogus, and non-existent. The appellant, engaged in processing man-made fabrics, had availed Cenvat Credit during December 2003, January 2004, May 2004, and June 2004 on invoices purportedly issued by six sup...