https://www.taxtmi.com/caselaws?id=126161 The Tribunal upheld the disallowance of Cenvat credit and penalties imposed on M/s. BSMPL, along with other entities and individuals, under Rule 26 of the Central Excise Rules, 2002. The physical shortage of scrap was acknowledged, and penalties were imposed accordingly. The claim of violation of natural justice was dismissed. The Tribunal clarified the applicability of penalties under Rule 26, citing a Supreme Court decision. Specific pre-deposits were ordered, with partial waivers granted to some individuals and complete waivers to certain units in Daman. Appeals were to continue as per the Tribunal's directives. en-us Mon, 20 Apr 2009 00:00:00 +0530 Fri, 02 Nov 2012 17:27:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126161 The Tribunal upheld the disallowance of Cenvat credit and penalties imposed on M/s. BSMPL, along with other entities and individuals, under Rule 26 of the Central Excise Rules, 2002. The physical shortage of scrap was acknowledged, and penalties were imposed accordingly. The claim of violation of natural justice was dismissed. The Tribunal clarified the applicability of penalties under Rule 26, citing a Supreme Court decision. Specific pre-deposits were ordered, with partial waivers granted to some individuals and complete waivers to certain units in Daman. Appeals were to continue as per the Tribunal's directives. Case-Laws Central Excise Mon, 20 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126161