https://www.taxtmi.com/caselaws?id=352334 The duty was confirmed against M/s. Satvik Industries and M/s. Genius Electrical, with penalties imposed on them for fraudulent activities involving non-admissible credit transfer. Penalties were also imposed on M/s. Asha Chemicals. The investigation revealed misuse of Cenvat Credits through fraudulent invoices, leading to revenue loss. The tribunal upheld the duty confirmation, penalties, and dismissal of appeals, emphasizing the revenue impact of fraudulent practices. en-us Thu, 26 Oct 2017 00:00:00 +0530 Wed, 13 Dec 2017 08:26:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352334 The duty was confirmed against M/s. Satvik Industries and M/s. Genius Electrical, with penalties imposed on them for fraudulent activities involving non-admissible credit transfer. Penalties were also imposed on M/s. Asha Chemicals. The investigation revealed misuse of Cenvat Credits through fraudulent invoices, leading to revenue loss. The tribunal upheld the duty confirmation, penalties, and dismissal of appeals, emphasizing the revenue impact of fraudulent practices. Case-Laws Central Excise Thu, 26 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352334