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Issuance of Invoices without Movement of Goods resulted in Confiscation: CESTAT upholds Penalty

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai bench has held that issuance of invoices without movement of goods resulted in the confiscation and upheld the penalty. The department found that M/s G.K. Founders Pvt. Ltd. are indulging in evasions of a huge amount of Central Excise Duty by fraudulent availment of Cenvat…

Source  Taxscan

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