https://www.taxtmi.com/caselaws?id=352271 The Tribunal overturned the penalties imposed under Rule 25 and Rule 26 of Central Excise Rules, 2002 on Daga Trading Company and its Director. The decision favored the appellants, emphasizing the lack of concrete evidence supporting the allegations of fraudulent transactions and discrepancies in invoicing practices. The Tribunal found that the Revenue's case relied on presumptions and lacked proof of non-delivery of goods or issuance of excisable invoices without dispatching goods. Consequently, the penalties were set aside, granting the appellants consequential benefits in accordance with the law. en-us Mon, 16 Oct 2017 00:00:00 +0530 Tue, 12 Dec 2017 08:50:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352271 The Tribunal overturned the penalties imposed under Rule 25 and Rule 26 of Central Excise Rules, 2002 on Daga Trading Company and its Director. The decision favored the appellants, emphasizing the lack of concrete evidence supporting the allegations of fraudulent transactions and discrepancies in invoicing practices. The Tribunal found that the Revenue's case relied on presumptions and lacked proof of non-delivery of goods or issuance of excisable invoices without dispatching goods. Consequently, the penalties were set aside, granting the appellants consequential benefits in accordance with the law. Case-Laws Central Excise Mon, 16 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352271