Penalty Upheld for Invoice Without Supply Due to Evidence of Paper Transactions

Krishna Gopal Rathi Vs Commissioner of C.G.S.T. and Central Excise (CESTAT Kolkata) The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata, partly allowed an appeal challenging the imposition of penalty under Rule 26 of the Central Excise Rules, 2002, in a case involving alleged issuance of invoices without actual supply of goods and facilitation of irregular CENVAT credit. The appellant, a director of a registered dealer engaged in supplying TMT Bar cutting/MS round cutting, was penalized ₹10 lakh by the adjudicating authority, which was upheld by the Commissioner (Appeals...