2019 (6) TMI 187

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..... horities below. No contrary evidence has been placed by the Appellant to absolve himself from the allegation of his involvement in the fraudulent transfer and availing of CENVAT Credit. The imposition of personal penalty on the Appellant is justified - penalty reduced to ₹ 1,50,000/- - appeal allowed in part. - Appeal No. E/85383/2017 - A/85942/2019 - Dated:- 17-5-2019 - DR. D.M .....

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..... dge of the Department that M/s Shivangi Rolling Mills Pvt. Ltd, of which the Appellant is Director, availed fraudulent CENVAT Credit only on the basis of invoices without receiving inputs mentioned in the invoices and used in or in relation to the manufacture of finished goods. Consequently, a show cause notice was issued to various persons concerned for recovery of inadmissible CENVAT Credit with .....

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..... y case, the personal penalty of ₹ 7.00 lakhs imposed on the Appellant is excessive in comparison to the penalty imposed earlier on him relating to the show cause notice issued by Indore Commissionerate. 4. The learned A.R. for the Revenue reiterates the findings of the learned Commissioner (Appeals). 5. Heard both sides and perused the records. I find that the .....

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