https://www.taxtmi.com/caselaws?id=363451 The Tribunal upheld the penalty imposed on the Director of M/s NSP Forgings Pvt Ltd for his involvement in fraudulent transactions, including clandestine removal of goods, fraudulent invoicing, and availing cenvat credit without goods receipt. Despite reducing the penalty considering the circumstances and legal precedents, the Director's active role in the company's affairs and knowledge of the fraudulent activities justified the penalty under Rule 26. en-us Tue, 24 Apr 2018 00:00:00 +0530 Fri, 13 Jul 2018 06:06:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363451 The Tribunal upheld the penalty imposed on the Director of M/s NSP Forgings Pvt Ltd for his involvement in fraudulent transactions, including clandestine removal of goods, fraudulent invoicing, and availing cenvat credit without goods receipt. Despite reducing the penalty considering the circumstances and legal precedents, the Director's active role in the company's affairs and knowledge of the fraudulent activities justified the penalty under Rule 26. Case-Laws Central Excise Tue, 24 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363451