https://www.taxtmi.com/caselaws?id=348494 The Tribunal upheld the disallowance of fraudulent CENVAT Credit and imposed penalties on involved parties due to irregularities in transportation documents. The investigation revealed fraudulent consignment notes and misuse of CENVAT Credit facility. Penalties were considered excessive in some cases and were reduced accordingly. Legal precedents supported the Tribunal's findings. The final decision required reversal of credit with interest, upheld penalties with modifications, and partially allowed the appeal. en-us Thu, 21 Sep 2017 00:00:00 +0530 Sat, 23 Sep 2017 10:34:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348494 The Tribunal upheld the disallowance of fraudulent CENVAT Credit and imposed penalties on involved parties due to irregularities in transportation documents. The investigation revealed fraudulent consignment notes and misuse of CENVAT Credit facility. Penalties were considered excessive in some cases and were reduced accordingly. Legal precedents supported the Tribunal's findings. The final decision required reversal of credit with interest, upheld penalties with modifications, and partially allowed the appeal. Case-Laws Central Excise Thu, 21 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348494