https://www.taxtmi.com/caselaws?id=435737 The penalty imposed under Rule 15(1) of the Cenvat Credit Rules, 2004 on an employee Director of a Company for alleged fraudulent availment of Cenvat credit was set aside by the Tribunal. The Tribunal held that since the Company, not the individual appellant, availed the fraudulent credit, the penalty under Rule 15(1) was wrongly imposed. The decision was based on a previous ruling that personal penalties on company employees are not sustainable under Rule 15 of CCR, 2004. The issue of the timeliness of the show cause notice did not significantly impact the final decision. en-us Fri, 24 Mar 2023 00:00:00 +0530 Sun, 26 Mar 2023 19:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435737 The penalty imposed under Rule 15(1) of the Cenvat Credit Rules, 2004 on an employee Director of a Company for alleged fraudulent availment of Cenvat credit was set aside by the Tribunal. The Tribunal held that since the Company, not the individual appellant, availed the fraudulent credit, the penalty under Rule 15(1) was wrongly imposed. The decision was based on a previous ruling that personal penalties on company employees are not sustainable under Rule 15 of CCR, 2004. The issue of the timeliness of the show cause notice did not significantly impact the final decision. Case-Laws Central Excise Fri, 24 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435737