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2014 (9) TMI 869 - AT - Central ExciseImposition of penalty u/s 11AC - Bogus invoices issued - Held that:- Appellants have conceded that the invoices were issued without ever supplying any goods. As regards their contention that the order of Settlement Commission in respect of M/s. Talbros would cover them too, it is seen that the Settlement Commission itself did not admit their case and such non-admission was not on the ground that they would be covered by the main order in case of Talbros - benefit of the Settlement Commission’s order cannot be extended to those who never approached the Settlement Commission. - in the case of Vee Kay Enterprises (2011 (3) TMI 133 - PUNJAB AND HARYANA HIGH COURT) has discussed this very issue and has come to a finding that even in such cases, penalty can be imposed. However, penalty is reduced to 25% - No infirmity in the impugned order - Decided partly in favour of assessee.
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