https://www.taxtmi.com/caselaws?id=341870 The Tribunal upheld the penalty of Rs. 25,00,000 imposed on the appellant under Rule 26 of the Central Excise Rules, 2002, for their involvement in facilitating fraudulent cenvat credit amounting to Rs. 74,93,250 availed by the manufacturer. Despite the appellant's defense that the transactions were mere book adjustments, the Tribunal found their actions contributed to irregular credit availment. The penalty was deemed proportionate to the magnitude of the fraud and the appellant's significant role in the scheme, leading to the dismissal of the appeal and the disposal of the stay application. en-us Wed, 12 Apr 2017 00:00:00 +0530 Thu, 11 May 2017 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341870 The Tribunal upheld the penalty of Rs. 25,00,000 imposed on the appellant under Rule 26 of the Central Excise Rules, 2002, for their involvement in facilitating fraudulent cenvat credit amounting to Rs. 74,93,250 availed by the manufacturer. Despite the appellant's defense that the transactions were mere book adjustments, the Tribunal found their actions contributed to irregular credit availment. The penalty was deemed proportionate to the magnitude of the fraud and the appellant's significant role in the scheme, leading to the dismissal of the appeal and the disposal of the stay application. Case-Laws Central Excise Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341870