Role and Knowledge in Clandestine activity to Misuse CENVAT Credit established: CESTAT restricts Penalty to Pre Deposit [Read Order]
CESTAT restricted penalty to pre-deposit as there was role and knowledge of the appellants in clandestine activity designed to misuse CENVAT credit established.
By Kalyani B. Nair - On January 6, 2024 8:32 pm - 2 mins read
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) restricted penalty to pre-deposit as there was role and knowledge of the appellants in clandestine activity designed to misuse CENVAT credit established. The department was of the opinion that central excise duty was being evaded by way of illegal availment of CENVAT…
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