https://www.taxtmi.com/caselaws?id=352628 The Tribunal dismissed penalties imposed on M/s Trusine Electronics Pvt. Ltd. and its Director by the Commissioner of Central Excise & Customs, emphasizing the absence of fraudulent intent or duty evasion. The appellants had availed Cenvat credit on inputs procured from other companies, leading to discrepancies flagged by the Central Excise department. Relying on legal precedents, the Tribunal ruled that penalties under Rule 25 and Section 11AC require evidence of intentional evasion, which was lacking in this case. The judgment highlighted the need for concrete proof of suppression or collusion to justify penalty imposition, ultimately ruling in favor of the appellants. en-us Fri, 24 Nov 2017 00:00:00 +0530 Tue, 19 Dec 2017 08:49:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352628 The Tribunal dismissed penalties imposed on M/s Trusine Electronics Pvt. Ltd. and its Director by the Commissioner of Central Excise & Customs, emphasizing the absence of fraudulent intent or duty evasion. The appellants had availed Cenvat credit on inputs procured from other companies, leading to discrepancies flagged by the Central Excise department. Relying on legal precedents, the Tribunal ruled that penalties under Rule 25 and Section 11AC require evidence of intentional evasion, which was lacking in this case. The judgment highlighted the need for concrete proof of suppression or collusion to justify penalty imposition, ultimately ruling in favor of the appellants. Case-Laws Central Excise Fri, 24 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352628