https://www.taxtmi.com/caselaws?id=787592 Rule 26(1) of the Central Excise Rules cannot operate to impose penal liability on a company as an artificial juristic person; penal consequences under Rule 26 are directed at natural persons who can possess requisite knowledge and culpable conduct, and therefore the corporate veil must be lifted to reach responsible individuals. The effect is that penalty cannot be imposed on the respondent company incorporated under the Companies Act, 2013, the order dropping penalty is upheld and the Revenue's appeal is dismissed. en-us Tue, 17 Feb 2026 00:00:00 +0530 Tue, 10 Mar 2026 08:51:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787592 Rule 26(1) of the Central Excise Rules cannot operate to impose penal liability on a company as an artificial juristic person; penal consequences under Rule 26 are directed at natural persons who can possess requisite knowledge and culpable conduct, and therefore the corporate veil must be lifted to reach responsible individuals. The effect is that penalty cannot be imposed on the respondent company incorporated under the Companies Act, 2013, the order dropping penalty is upheld and the Revenue's appeal is dismissed. Case-Laws Central Excise Tue, 17 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787592