2011 (3) TMI 181 - HC - Central Excise

Appeal to High Court - Reducing of penalties to 10% on fraudulent availment of Cenvat Credit - Fraudulent dealing between purchaser and registered dealers - The matter is covered against the revenue by earlier judgment of the Court Commissioner of Central Excise Chandigarh-I Vs. M/s Lalit Steel and Agro Industries - Hence the appeal is dismissed.

Summary

The High Court of Punjab and Haryana dismissed the revenue's appeal under Section 35G of the Central Excise Act, 1944 against reducing penalties for fraudulent Cenvat Credit availment. The court stated that the matter was covered by an earlier judgment, and hence the appeal was dismissed.