CESTAT sets aside Penalty under Rule 26 due to Lack of Confiscation and Invoice Involvement [Read Order]

The tribunal found that no goods were confiscated and the disputed invoices were issued by the supplier, not the appellant, making Rule 26 inapplicable
By Sneha Sukumaran Mullakkal - On September 24, 2024 5:33 pm - 2 mins read
CESTAT Ahmedabad - CESTAT penalty under Rule 26 - CESTAT Invoice Case - TAXSCAN

In the recent ruling, the Ahmedabad bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) set aside the Rs. 50,00,000 penalty imposed on the appellant under Rule 26 of the Central Excise Rules, 2002. Gouri Shankar Poddar,the appellant-assessee,was the Director of M/s Raj Rayon Ltd. A show cause notice dated 11.06.2008 was…

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