Penalty u/r 26 for Fraudulent Credit Claims Deemed Unsustainable Due to Lack of Physical Input Receipt.

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....Penalty u/r 26 - in the present case it is not the case of the clandestine removal of the goods but non-receipt of the inputs and fraudulent availment of the credit without physical receipt of the inputs - the penalty upon the appellant imposed under Rule 26 will not sustain - AT....