https://www.taxtmi.com/caselaws?id=423933 The Tribunal upheld penalties imposed under Rule 26 of Central Excise Rules, 2002 on appellants involved in fraudulent passing of Cenvat credit without actual delivery of goods. Despite arguments against liability, citing legal precedents, the Tribunal found active involvement in facilitating the fraud. Penalties were upheld even without goods confiscation proposals. The Tribunal rejected the claim that penalties couldn't be imposed on a company and assessed individual involvement, leading to dismissal of appeals by some appellants and allowance for one. Separate penalties for the company and owner were discussed, with proprietor's penalty set aside. en-us Thu, 16 Jun 2022 00:00:00 +0530 Sat, 18 Jun 2022 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423933 The Tribunal upheld penalties imposed under Rule 26 of Central Excise Rules, 2002 on appellants involved in fraudulent passing of Cenvat credit without actual delivery of goods. Despite arguments against liability, citing legal precedents, the Tribunal found active involvement in facilitating the fraud. Penalties were upheld even without goods confiscation proposals. The Tribunal rejected the claim that penalties couldn't be imposed on a company and assessed individual involvement, leading to dismissal of appeals by some appellants and allowance for one. Separate penalties for the company and owner were discussed, with proprietor's penalty set aside. Case-Laws Central Excise Thu, 16 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423933