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2015 (6) TMI 779 - AT - Central ExciseAvailment of fraudulent MODVAT Credit - Commissioner (Appeals) set aside the penalties imposed on the registered dealers and the Authorised Signatory of the unit- Held that:- Unit M/s Vipul Steel & Agro Industries had not challenged the Adjudication order in respect of demand of MODVAT Credit. It is seen that the said unit issued Modvatable invoices to various dealers and manufacturers. The registered dealers, the respondents herein, took the stand before the Adjudicating Authority that they supplied the material to M/s DCM Engineering Products. Proceedings were initiated against M/s DCM Engineering Products on the ground that M/s DCM Engineering Product availed the credit without receiving the inputs. The proceedings against M/s DCM Engineering Products was dropped by the Adjudicating Authority. - This fact was not disputed by the Adjudicating Authority.- No reason to interfere with impugned order - Decided against Revenue.
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