Alternate statutory remedy governs GST assessment challenge, with statutory appeal preserved and limitation objection barred for the permitted filing ...
Levy of penalty on Proprietor of the Firm under Rule 26(2) of Central Excise Rules, 2002 - fraudulent availment of CENVAT Credit - Taking note of the fact that penalty imposed on the appellant is above 50% of the credit taken by the set 2 units - the penalty imposed is excessively high. Hence for justice will be met if the set penalty is reduced to 10% of the penalty imposed on the appellant - AT
Levy of penalty on Proprietor of the Firm under Rule 26(2) of Central Excise Rules, 2002 - fraudulent availment of CENVAT Credit - Taking note of the fact that penalty imposed on the appellant is above 50% of the credit taken by the set 2 units - the penalty imposed is excessively high. Hence for justice will be met if the set penalty is reduced to 10% of the penalty imposed on the appellant - AT
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