https://www.taxtmi.com/caselaws?id=758371 CESTAT Ahmedabad allowed the appeal and set aside penalty imposed under Rule 26 of Central Excise Rules, 2002 on the company director. The penalty was imposed following confirmation of CENVAT credit demand against the company for steel items. The tribunal held that penalty under Rule 26(1) cannot be imposed without confiscation of goods, and penalty under Rule 26(2) was not applicable as the case involved interpretation of CENVAT Credit Rules on input admissibility. The department failed to establish grounds for imposing penalty on the director. en-us Wed, 11 Sep 2024 00:00:00 +0530 Thu, 12 Sep 2024 14:23:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758371 CESTAT Ahmedabad allowed the appeal and set aside penalty imposed under Rule 26 of Central Excise Rules, 2002 on the company director. The penalty was imposed following confirmation of CENVAT credit demand against the company for steel items. The tribunal held that penalty under Rule 26(1) cannot be imposed without confiscation of goods, and penalty under Rule 26(2) was not applicable as the case involved interpretation of CENVAT Credit Rules on input admissibility. The department failed to establish grounds for imposing penalty on the director. Case-Laws Central Excise Wed, 11 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758371