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2017 (4) TMI 840 - CESTAT HYDERABADCENVAT credit - duty paying invoices - Held that: - There is then no doubt that appellant had issued cenvatable invoices knowing fully well that there is no movement of goods and thus facilitated availment of irregular credit by fabricated documentation. Appellants have sought to defend their actions contending that it was only a book adjustment for showing more turnover in their books of accounts - imposition of penalty u/r 26 set aside - also considering the crucial and important role played by the appellant in the commitment and execution of the fraud, penalty amount of ₹ 25,00,000/- is very much proportionate to the acts and omissions of the appellant - appeal dismissed - decided against appellant.
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