https://www.taxtmi.com/caselaws?id=305629 The Tribunal partly allowed the appeal filed against the penalty imposed on the Director for fraudulent availment of cenvat credit without receipt of inputs. While affirming the Director's involvement in the fraudulent activities, the penalty was reduced from Rs. 2 Lakh to Rs. 1 Lakh based on the circumstances. The Tribunal considered the settlement of the company's case under SVLDRS-2019 and concluded that the Director's knowledge of the fraud warranted a penalty but also warranted leniency in the penalty amount. en-us Thu, 02 Dec 2021 00:00:00 +0530 Fri, 16 Dec 2022 09:38:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305629 The Tribunal partly allowed the appeal filed against the penalty imposed on the Director for fraudulent availment of cenvat credit without receipt of inputs. While affirming the Director's involvement in the fraudulent activities, the penalty was reduced from Rs. 2 Lakh to Rs. 1 Lakh based on the circumstances. The Tribunal considered the settlement of the company's case under SVLDRS-2019 and concluded that the Director's knowledge of the fraud warranted a penalty but also warranted leniency in the penalty amount. Case-Laws Central Excise Thu, 02 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305629