https://www.taxtmi.com/caselaws?id=340089 The Tribunal set aside the demand for interest on the confirmed shortage of inputs other than DMS, citing lack of established removal date. The demand for alleged fraudulent credit of Rs. 3,70,800/- was upheld due to fake invoices. The composite penalty of Rs. 12,42,199/- was reduced to Rs. 4,36,000/- as the penalty imposition was not consistent with the Show Cause Notice. The penalty on Shri S.S.N. Varma was reduced from Rs. 1,50,000/- to Rs. 30,000/-. The appeal was partly allowed, with penalties entirely set aside and modifications made to the impugned order. en-us Tue, 14 Feb 2017 00:00:00 +0530 Wed, 15 Mar 2017 12:15:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340089 The Tribunal set aside the demand for interest on the confirmed shortage of inputs other than DMS, citing lack of established removal date. The demand for alleged fraudulent credit of Rs. 3,70,800/- was upheld due to fake invoices. The composite penalty of Rs. 12,42,199/- was reduced to Rs. 4,36,000/- as the penalty imposition was not consistent with the Show Cause Notice. The penalty on Shri S.S.N. Varma was reduced from Rs. 1,50,000/- to Rs. 30,000/-. The appeal was partly allowed, with penalties entirely set aside and modifications made to the impugned order. Case-Laws Central Excise Tue, 14 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340089