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2019 (6) TMI 187 - AT - Central ExciseFraudulent availing and transfer of CENVAT credit - personal penalty on appellant - HELD THAT:- The allegation against the Appellant Pankaj Bansal, Director of M/s Shivangi Rolling Mills Pvt. Ltd has been established after detailed analysis of evidence on record by the authorities below. No contrary evidence has been placed by the Appellant to absolve himself from the allegation of his involvement in the fraudulent transfer and availing of CENVAT Credit. The imposition of personal penalty on the Appellant is justified - penalty reduced to ₹ 1,50,000/- - appeal allowed in part.
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