https://www.taxtmi.com/caselaws?id=765188 CESTAT Allahabad held that penalties under Rule 26(2) of Central Excise Rules, 2002 cannot be imposed retrospectively for conduct predating its enactment on 01.03.2007. The appellant was denied Cenvat credit for allegedly taking credit on materials never received or used. The tribunal found no evidence of handling goods liable for confiscation, as required under Rule 25. Following precedent from Surya Ispat Udyog case, penalties for facilitating credit without actual supply were only applicable post-amendment. Appeal allowed, penalties set aside. en-us Tue, 07 Jan 2025 00:00:00 +0530 Tue, 28 Jan 2025 08:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765188 CESTAT Allahabad held that penalties under Rule 26(2) of Central Excise Rules, 2002 cannot be imposed retrospectively for conduct predating its enactment on 01.03.2007. The appellant was denied Cenvat credit for allegedly taking credit on materials never received or used. The tribunal found no evidence of handling goods liable for confiscation, as required under Rule 25. Following precedent from Surya Ispat Udyog case, penalties for facilitating credit without actual supply were only applicable post-amendment. Appeal allowed, penalties set aside. Case-Laws Central Excise Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765188