https://www.taxtmi.com/caselaws?id=207703 The Appellate Tribunal CESTAT, New Delhi, upheld penalties under section 11AC and Central Excise Rules on the appellant company for receiving fake invoices without actual receipt of goods. The proprietor admitted to issuing fake invoices, leading to penalties. While penalties under section 11AC were upheld, the penalty under Rule 25 of Central Excise Rules was set aside. The appellant company was given the option to pay a reduced penalty amount within a specified timeframe, citing a relevant court decision for concessional penalty benefit. en-us Wed, 13 Apr 2011 00:00:00 +0530 Thu, 22 Dec 2011 06:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207703 The Appellate Tribunal CESTAT, New Delhi, upheld penalties under section 11AC and Central Excise Rules on the appellant company for receiving fake invoices without actual receipt of goods. The proprietor admitted to issuing fake invoices, leading to penalties. While penalties under section 11AC were upheld, the penalty under Rule 25 of Central Excise Rules was set aside. The appellant company was given the option to pay a reduced penalty amount within a specified timeframe, citing a relevant court decision for concessional penalty benefit. Case-Laws Central Excise Wed, 13 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207703