https://www.taxtmi.com/caselaws?id=755248 A penalty on a dealer/co-noticee cannot be sustained merely on a speculative presumption drawn from shortage of raw material found at the consignee's premises when the documentary record supports the transaction, including invoice payments, RG 23D entries and quarterly CENVAT returns. The text also states that, where the main noticee has settled the duty dispute under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019, the consequential penalty claim against a co-noticee does not survive and penalty-related proceedings may be waived. On these grounds, the penalty against the appellant was set aside. en-us Fri, 15 Dec 2023 00:00:00 +0530 Wed, 10 Jul 2024 08:00:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755248 A penalty on a dealer/co-noticee cannot be sustained merely on a speculative presumption drawn from shortage of raw material found at the consignee's premises when the documentary record supports the transaction, including invoice payments, RG 23D entries and quarterly CENVAT returns. The text also states that, where the main noticee has settled the duty dispute under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019, the consequential penalty claim against a co-noticee does not survive and penalty-related proceedings may be waived. On these grounds, the penalty against the appellant was set aside. Case-Laws Central Excise Fri, 15 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755248