https://www.taxtmi.com/caselaws?id=244042 The Tribunal confirmed a penalty on the Managing Director for issuing cenvatable invoices without supplying goods, reducing the penalty amount on appeal. Despite arguments of lack of evidence and company responsibility, statements confirmed the Director's involvement. The Tribunal directed the Director to pre-deposit a specific amount towards the penalty, with the balance to be waived upon compliance. The request for a stay on the penalty was rejected, emphasizing the need for individual accountability in fraudulent transactions and specific pre-deposit requirements in penalty cases before the Tribunal. en-us Tue, 12 Nov 2013 00:00:00 +0530 Mon, 17 Feb 2014 19:12:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244042 The Tribunal confirmed a penalty on the Managing Director for issuing cenvatable invoices without supplying goods, reducing the penalty amount on appeal. Despite arguments of lack of evidence and company responsibility, statements confirmed the Director's involvement. The Tribunal directed the Director to pre-deposit a specific amount towards the penalty, with the balance to be waived upon compliance. The request for a stay on the penalty was rejected, emphasizing the need for individual accountability in fraudulent transactions and specific pre-deposit requirements in penalty cases before the Tribunal. Case-Laws Central Excise Tue, 12 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244042