https://www.taxtmi.com/caselaws?id=363104 The Tribunal confirmed the demand for Central Excise duty and penalties on the assessee for irregular CENVAT Credit availed through fake transactions. Despite the Commissioner (Appeals) setting aside the penalties, the Tribunal reinstated the Adjudicating Authority's decision but reduced the penalties imposed on the Respondents, including the director and a broker, due to their involvement in the fraudulent scheme. The Tribunal found the Respondents culpable in fake transactions, overturning the Commissioner's ruling and emphasizing their roles in the misconduct while mitigating the penalties imposed. en-us Tue, 27 Mar 2018 00:00:00 +0530 Mon, 09 Jul 2018 08:21:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363104 The Tribunal confirmed the demand for Central Excise duty and penalties on the assessee for irregular CENVAT Credit availed through fake transactions. Despite the Commissioner (Appeals) setting aside the penalties, the Tribunal reinstated the Adjudicating Authority's decision but reduced the penalties imposed on the Respondents, including the director and a broker, due to their involvement in the fraudulent scheme. The Tribunal found the Respondents culpable in fake transactions, overturning the Commissioner's ruling and emphasizing their roles in the misconduct while mitigating the penalties imposed. Case-Laws Central Excise Tue, 27 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363104