<h1>Steel Manufacturer Accused of Evading Rs. 24 Crore in Excise Duty via Fraudulent Cenvat Credit Claims.</h1> The Directorate General of Central Excise Intelligence (DGCEI) has filed a case against a steel manufacturing company for evading approximately Rs. 24 crore in central excise duty. The company allegedly fraudulently claimed Cenvat credit on zinc ingots purchased from another company without actually receiving the goods. The operation involved diverting zinc to traders in Delhi, Agra, and Aligarh while only invoices were sent to the company's offices to claim credit. During the investigation, significant quantities of zinc and cash were seized, and key officials admitted to the scheme, with Rs. 12 crore already deposited towards their duty liability.