2011 (5) TMI 6 - HC - Central Excise

Penalty - CEA No. 13 of 2011 has been filed by the revenue Whether reducing of penalties to 10% on the fraudulent availment of Cenvat Credit on the registered dealers and manufacturer of Iron and Steel washer is deterrent enough to stop future frauds on the Government exchequer? - The appellant fairly states that identical appeal being CEA No. 125 of 2010 has been dismissed by this Court vide order dated 5.7.2010 - These appeals are dismissed.

Summary

The High Court of Punjab and Haryana dismissed CEA Nos. 13 to 17 and 19 of 2011, stating they all involve the same question related to reducing penalties for fraudulent availment of Cenvat Credit. The appeals were dismissed as a similar appeal had been rejected earlier by the Court.