Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2018 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (3) TMI 1656 - AT - Central ExcisePenalty u/s 11AC - whether the lower authorities were correct in imposing penalties on the appellant under Section 11AC or otherwise for the fraud committed by the appellant in the form of availing credit in PLA without the cheques being honoured by the bankers? Held that:- The appellant has no case on merits as there is an admission on the part of the partner Shri Manoj Patil that they are ineligible credit in the PLA by depositing cheques which were in the knowledge, will be bounced - both the lower authorities were correct in confirming the demand raised along with interest and appropriating the amount as well as imposing equivalent amount of penalty - Appeal dismissed.
|