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2017 (6) TMI 213 - AT - Central ExciseCENVAT credit - duty paying invoices - bogus transaction - Held that: - no goods were supplied from M/s AIPL to M/s AKI. The fraud, suppression and willful mis-declaration are writ large on the nature of these transactions - Inescapable conclusion from the evidence and findings of Commissioner is that M/s AIPL had no melting furnace, the electricity consumption was not commensurate with production shown by the Excise Department and they did not manufacture any copper ingots/copper scrap on their on account. Penalty u/r 25 of CER, 2002 - Held that: - considering the fraud and willful suppression and mis-declarations done by M/s AIPL as elaborated in preceding paragraphs, the penalty on M/s AIPL is fully justified. Appeal dismissed - decided against appellant.
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