https://www.taxtmi.com/caselaws?id=190937 The Appellate Tribunal CESTAT NEW DELHI upheld the imposition of a penalty of Rs. 11,57,062 on the appellants who admitted liability before the Settlement Commission for supplying invoices without goods, resulting in a fraudulent claim for Cenvat credit. The Tribunal dismissed the stay application, requiring the appellants to make a pre-deposit of the entire demand within four weeks to comply with the Settlement Commission's order and protect the Revenue's interest. The decision was based on the lack of machinery for actual production, indicating a prima facie case against the appellants. en-us Wed, 03 Jun 2009 00:00:00 +0530 Fri, 10 Mar 2017 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190937 The Appellate Tribunal CESTAT NEW DELHI upheld the imposition of a penalty of Rs. 11,57,062 on the appellants who admitted liability before the Settlement Commission for supplying invoices without goods, resulting in a fraudulent claim for Cenvat credit. The Tribunal dismissed the stay application, requiring the appellants to make a pre-deposit of the entire demand within four weeks to comply with the Settlement Commission's order and protect the Revenue's interest. The decision was based on the lack of machinery for actual production, indicating a prima facie case against the appellants. Case-Laws Central Excise Wed, 03 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190937