https://www.taxtmi.com/caselaws?id=381989 The Tribunal confirmed the penalties and recovery of wrongly availed credit in a case involving irregular CENVAT credit availment through fictitious transactions. The Managing Director was held liable for his involvement in the fraudulent scheme, with penalties imposed accordingly. The appeals related to the irregular credit availment were dismissed, except for a reduction in the penalty for one Managing Director. en-us Mon, 17 Jun 2019 00:00:00 +0530 Fri, 21 Jun 2019 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381989 The Tribunal confirmed the penalties and recovery of wrongly availed credit in a case involving irregular CENVAT credit availment through fictitious transactions. The Managing Director was held liable for his involvement in the fraudulent scheme, with penalties imposed accordingly. The appeals related to the irregular credit availment were dismissed, except for a reduction in the penalty for one Managing Director. Case-Laws Central Excise Mon, 17 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381989