https://www.taxtmi.com/caselaws?id=373012 The Court dismissed three writ petitions challenging penalties imposed on individuals associated with a company for fraudulent activities related to CENVAT credit. The petitioners' arguments against the applicability of Rule 26 of the Central Excise Rules, 2002 were rejected. The Court found the petitioners knowingly participated in fraudulent activities resulting in defalcation of government funds through illegal CENVAT credit availing. Despite the lack of specific allegations in the show cause notice, the Court upheld the penalties, holding the petitioners accountable for their involvement in the company's affairs. The writ petitions were dismissed with no order as to costs. en-us Tue, 18 Dec 2018 00:00:00 +0530 Sat, 06 Apr 2019 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373012 The Court dismissed three writ petitions challenging penalties imposed on individuals associated with a company for fraudulent activities related to CENVAT credit. The petitioners' arguments against the applicability of Rule 26 of the Central Excise Rules, 2002 were rejected. The Court found the petitioners knowingly participated in fraudulent activities resulting in defalcation of government funds through illegal CENVAT credit availing. Despite the lack of specific allegations in the show cause notice, the Court upheld the penalties, holding the petitioners accountable for their involvement in the company's affairs. The writ petitions were dismissed with no order as to costs. Case-Laws Central Excise Tue, 18 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373012