2 results for “bogus purchases”+ Section 132(1)(a)clear
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bogus purchase to maximize payment of duty in cash. In fact, when other units in the country avails CENVAT Credit o f say 68% of total duty (32% in PLA), there cannot be any plausible reasons to a vail credit to say 24% (76% in PLA) by units in these areas. This analysis clear ly brings out a fact that