https://www.taxtmi.com/caselaws?id=206159 The appeal involved the imposition of penalty and duty liability on M/s. Jagdamba Printers Pvt. Ltd. for availing cenvat credit on fake invoices. The Commissioner (Appeals) confirmed the duty but granted the assessee an option for a reduced penalty of 25%. The Revenue challenged this decision, arguing against the reduced penalty. The Tribunal directed a reexamination of the case, emphasizing compliance with the Supreme Court's ruling that there is no discretionary power to reduce penalties under Section 11AC. The case was remanded for denovo adjudication within ninety days to ensure a fair review based on legal principles and precedents. en-us Mon, 18 Jul 2011 00:00:00 +0530 Sat, 15 Oct 2011 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206159 The appeal involved the imposition of penalty and duty liability on M/s. Jagdamba Printers Pvt. Ltd. for availing cenvat credit on fake invoices. The Commissioner (Appeals) confirmed the duty but granted the assessee an option for a reduced penalty of 25%. The Revenue challenged this decision, arguing against the reduced penalty. The Tribunal directed a reexamination of the case, emphasizing compliance with the Supreme Court's ruling that there is no discretionary power to reduce penalties under Section 11AC. The case was remanded for denovo adjudication within ninety days to ensure a fair review based on legal principles and precedents. Case-Laws Central Excise Mon, 18 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206159