Home Case Index All Cases Central Excise Central Excise + HC Central Excise - 2013 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (6) TMI 143 - BOMBAY HIGH COURTPersonal Penalty - Cenvat Credit - Shortage of inputs and final products - differences in stock - held that:- The finding of fact recorded by the adjudicating authority and upheld by the CESTAT is that Shri Pankaj Chovatia, authorized signatory of the company was engaged in the day-to-day business of the company and said Mr. Pankaj Chovatia in his statement had stated that the credit was availed on the inputs without receiving such inputs as per the directions of Shri Dipesh Gosalia, son of Hansa Gosalia. The finding of fact recorded by the adjudicating authority and upheld by the CESTAT is that the appellants were aware of the developments taking place in the company and, therefore, the appellants are liable for penalty. The argument of the appellants that Shri Bharat Parekh and Ghansyam Bharti were looking after the day-to-day business of the company is a wholly inconsistent stand taken for the first time in this appeal and without any basis.
|