https://www.taxtmi.com/caselaws?id=762430 CESTAT Bangalore upheld demands against appellant for clandestine manufacture and clearance of electrical stampings worth Rs.27,46,833 plus interest and penalty under Section 11AC of Central Excise Act, 1944. Fraudulent cenvat credit availment of Rs.2,72,388 without receiving inputs also confirmed with interest and penalty under Rule 15(2) of Cenvat Credit Rules, 2004. Criminal conviction by Special Court for Economic Offences supported the tribunal's findings. Penalties on individual appellants including Managing Director, CEO, Manager-Accounts, and Dispatch In-charge were reduced but upheld. Appeals partially allowed with modified penalties. en-us Fri, 29 Nov 2024 00:00:00 +0530 Fri, 29 Nov 2024 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762430 CESTAT Bangalore upheld demands against appellant for clandestine manufacture and clearance of electrical stampings worth Rs.27,46,833 plus interest and penalty under Section 11AC of Central Excise Act, 1944. Fraudulent cenvat credit availment of Rs.2,72,388 without receiving inputs also confirmed with interest and penalty under Rule 15(2) of Cenvat Credit Rules, 2004. Criminal conviction by Special Court for Economic Offences supported the tribunal's findings. Penalties on individual appellants including Managing Director, CEO, Manager-Accounts, and Dispatch In-charge were reduced but upheld. Appeals partially allowed with modified penalties. Case-Laws Central Excise Fri, 29 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762430