https://www.taxtmi.com/caselaws?id=152268 Penalty under Rule 26 was sustained where the person actively assisted fraudulent availment of credit through cenvatable invoices without movement of goods, including procuring invoices at a premium and facilitating passing of credit through his own firms. The tribunal held that this conduct went beyond mere invoice issuance, making decisions on cases involving only paper transactions inapplicable. However, the penalty was found disproportionate to the proved role and circumstances, so the quantum was reduced while liability to penalty remained intact. en-us Wed, 16 Sep 2009 00:00:00 +0530 Mon, 12 Jun 2017 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152268 Penalty under Rule 26 was sustained where the person actively assisted fraudulent availment of credit through cenvatable invoices without movement of goods, including procuring invoices at a premium and facilitating passing of credit through his own firms. The tribunal held that this conduct went beyond mere invoice issuance, making decisions on cases involving only paper transactions inapplicable. However, the penalty was found disproportionate to the proved role and circumstances, so the quantum was reduced while liability to penalty remained intact. Case-Laws Central Excise Wed, 16 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152268