https://www.taxtmi.com/caselaws?id=371234 The Tribunal upheld the imposition of penalties on M/s. Spectrum Silk Mills and M/s. Marvel Fashion for their involvement in the misuse of the EOU Scheme and evasion of duty. The Tribunal dismissed the Revenue's Misc. Application for ROM as infractuous and allowed the appeals against the two co-noticees situated outside the jurisdiction of the Haldia Commissionerate, holding that penalty could be imposed on them under Rule 26 for their roles in facilitating the scheme's misuse. Each co-noticee was penalized with a fine of &8377;20.00 lakhs. en-us Mon, 26 Nov 2018 00:00:00 +0530 Sat, 01 Dec 2018 12:38:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371234 The Tribunal upheld the imposition of penalties on M/s. Spectrum Silk Mills and M/s. Marvel Fashion for their involvement in the misuse of the EOU Scheme and evasion of duty. The Tribunal dismissed the Revenue's Misc. Application for ROM as infractuous and allowed the appeals against the two co-noticees situated outside the jurisdiction of the Haldia Commissionerate, holding that penalty could be imposed on them under Rule 26 for their roles in facilitating the scheme's misuse. Each co-noticee was penalized with a fine of &8377;20.00 lakhs. Case-Laws Central Excise Mon, 26 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371234