https://www.taxtmi.com/caselaws?id=439982 Rule 26(2) of the Central Excise Rules, 2002 could not be applied to transactions completed before 01.04.2007 because a penal provision operates only from its commencement. The Tribunal accepted the inculpatory statements and found no material to dislodge them, so the fraudulent issuance of invoices stood established; however, penalty could be sustained only for post-01.04.2007 transactions. Where one appellant's dealings were entirely pre-commencement, the penalty was set aside in full, while the other appellant's penalty was reduced to exclude the pre-01.04.2007 period. en-us Wed, 05 Jul 2023 00:00:00 +0530 Thu, 06 Jul 2023 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439982 Rule 26(2) of the Central Excise Rules, 2002 could not be applied to transactions completed before 01.04.2007 because a penal provision operates only from its commencement. The Tribunal accepted the inculpatory statements and found no material to dislodge them, so the fraudulent issuance of invoices stood established; however, penalty could be sustained only for post-01.04.2007 transactions. Where one appellant's dealings were entirely pre-commencement, the penalty was set aside in full, while the other appellant's penalty was reduced to exclude the pre-01.04.2007 period. Case-Laws Central Excise Wed, 05 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439982