https://www.taxtmi.com/caselaws?id=246666 The Bench upheld penalties imposed on the appellants under Rule 26 of the Central Excise Rules 2002 for their involvement in fraudulent CENVAT credit availment. The penalties were modified to Rs. 40,000/- each, considering the harshness of the original amount equal to the credit. The judgment highlighted collusion between parties and the appellants' liability. The appeals were sustained with modified penalties, emphasizing the fraudulent practices and collusion scheme. en-us Fri, 16 Nov 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246666 The Bench upheld penalties imposed on the appellants under Rule 26 of the Central Excise Rules 2002 for their involvement in fraudulent CENVAT credit availment. The penalties were modified to Rs. 40,000/- each, considering the harshness of the original amount equal to the credit. The judgment highlighted collusion between parties and the appellants' liability. The appeals were sustained with modified penalties, emphasizing the fraudulent practices and collusion scheme. Case-Laws Central Excise Fri, 16 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246666