https://www.taxtmi.com/caselaws?id=246347 The Tribunal allowed both appeals, reducing the penalty on the company and setting aside the penalty imposed on the Director. The judgment clarified the application of rules concerning penalties in cases involving Cenvat Credit misuse and highlighted the distinction between penalties for companies and individuals in such matters. en-us Thu, 05 Jan 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:04:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246347 The Tribunal allowed both appeals, reducing the penalty on the company and setting aside the penalty imposed on the Director. The judgment clarified the application of rules concerning penalties in cases involving Cenvat Credit misuse and highlighted the distinction between penalties for companies and individuals in such matters. Case-Laws Central Excise Thu, 05 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246347