https://www.taxtmi.com/caselaws?id=244748 The Tribunal upheld the demand of duty, interest, and penalties on M/s. K.S.G. Castings and Products for irregularly availing Cenvat credit based on incorrect invoices. The manufacturer and dealers supplied MS Scraps instead of the specified goods, leading to the imposition of penalties. The penalties on the managing partner and authorized signatory were deemed justified, with reductions in amounts. Previous tribunal decisions supported the decision, emphasizing penalties for non-compliance with Cenvat Credit Rules and irregular credit transactions. en-us Fri, 01 Nov 2013 00:00:00 +0530 Fri, 07 Mar 2014 07:33:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244748 The Tribunal upheld the demand of duty, interest, and penalties on M/s. K.S.G. Castings and Products for irregularly availing Cenvat credit based on incorrect invoices. The manufacturer and dealers supplied MS Scraps instead of the specified goods, leading to the imposition of penalties. The penalties on the managing partner and authorized signatory were deemed justified, with reductions in amounts. Previous tribunal decisions supported the decision, emphasizing penalties for non-compliance with Cenvat Credit Rules and irregular credit transactions. Case-Laws Central Excise Fri, 01 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244748