Penalties for Bogus Invoices Under Central Excise Rule 26 Apply to Individuals and Companies Alike.

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....Imposition of penalty - Issue of bogus invoices - Penalty under Rule 26, whether under sub-Rule (1) of Rule 26 or under sub-Rule (2) of Rule 26 can be imposed on a juristic person also i.e. on a company or a firm. - AT....