https://www.taxtmi.com/caselaws?id=773240 CESTAT Kolkata held that penalties under Rule 26(2) of Central Excise Rules, 2002 cannot be imposed on artificial entities. The case involved seven companies alleged to have issued excise duty invoices without actual delivery of goods, enabling irregular CENVAT credit availment. The tribunal ruled that Rule 26(2) penalties apply only to natural persons, not corporate entities being artificial legal persons. Consequently, penalties imposed on the appellant companies were set aside and the impugned order was modified, allowing the appeals. en-us Wed, 18 Jun 2025 00:00:00 +0530 Fri, 20 Jun 2025 08:34:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773240 CESTAT Kolkata held that penalties under Rule 26(2) of Central Excise Rules, 2002 cannot be imposed on artificial entities. The case involved seven companies alleged to have issued excise duty invoices without actual delivery of goods, enabling irregular CENVAT credit availment. The tribunal ruled that Rule 26(2) penalties apply only to natural persons, not corporate entities being artificial legal persons. Consequently, penalties imposed on the appellant companies were set aside and the impugned order was modified, allowing the appeals. Case-Laws Central Excise Wed, 18 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773240