https://www.taxtmi.com/caselaws?id=258538 The Tribunal upheld the imposition of a penalty under Rule 13 on a dealer for wrongly availing cenvat credit based on fraudulent transactions, despite the order demanding credit being set aside. The penalty was reduced from Rs. 7,36,707 to Rs. 2,00,000 due to the dealer's failure to verify the genuineness of the supplier. The judgment emphasized the importance of complying with Cenvat Credit Rules and exercising due diligence to avoid penalties for contraventions. en-us Tue, 13 Jan 2015 00:00:00 +0530 Mon, 05 Oct 2015 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258538 The Tribunal upheld the imposition of a penalty under Rule 13 on a dealer for wrongly availing cenvat credit based on fraudulent transactions, despite the order demanding credit being set aside. The penalty was reduced from Rs. 7,36,707 to Rs. 2,00,000 due to the dealer's failure to verify the genuineness of the supplier. The judgment emphasized the importance of complying with Cenvat Credit Rules and exercising due diligence to avoid penalties for contraventions. Case-Laws Central Excise Tue, 13 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258538