https://www.taxtmi.com/caselaws?id=466429 Imposition of penalty under Rule 26(2) for use of fictitious invoices and availing ineligible Cenvat credit is examined; the appellate authority found the appellant involved with ineligible credit of Rs.12,42,017 but noted recredit was not allowed, making the original penalty disproportionate. The imposition of penalty was sustained in principle but reduced from Rs.4,00,000 to Rs.1,00,000 on proportionality grounds, resulting in a partial allowance of the appeal and disposal of the matter. en-us Wed, 20 Aug 2025 00:00:00 +0530 Sun, 08 Feb 2026 17:12:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466429 Imposition of penalty under Rule 26(2) for use of fictitious invoices and availing ineligible Cenvat credit is examined; the appellate authority found the appellant involved with ineligible credit of Rs.12,42,017 but noted recredit was not allowed, making the original penalty disproportionate. The imposition of penalty was sustained in principle but reduced from Rs.4,00,000 to Rs.1,00,000 on proportionality grounds, resulting in a partial allowance of the appeal and disposal of the matter. Case-Laws Central Excise Wed, 20 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466429