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2021 (12) TMI 1402 - AT - Central ExciseLevy of penalty under Rule 26 of Central Excise Rules, 2002 - Levy of personal penalty on Director - fraudulent availment of cenvat credit without receipt of the inputs - HELD THAT:- it is clear that since the appellant company has fraudulently availed the credit without receipt of the goods, it is not possible without the knowledge of the Director, therefore, the Director is directly involved in the fraudulent availment of credit by his company. Therefore, he is correctly liable for penalty under Rule 26. However, the penalty from Rupees Two Lakh to Rupees One Lakh. Decided partly in favor of appellant.
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