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2014 (7) TMI 739 - HC - Central ExcisePersonal penalty on employee / Director for availing inadmissible Cenvat Credit by the company - Rule 26 of the Central Excise Rules, 2002 - tribunal set aside the penalty - Held that:- when all the penalties on the company have been deleted by observing that there is no material to even prima facie suggest that there was any fraud or collusion or willful misstatement or suppression of facts or controversy of the provisions of the Act or the Rules on the part of the assessee with intent to evade payment of duty, personal penalties are not justified. - Decided in favor of appellant.s
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