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2015 (10) TMI 910 - AT - Central ExciseImposition of penalty under Rule 209A - Held that:- In the first case, a penalty of ₹ 5 lakhs each was imposed on Shri Shrikant Sitaram Maniyar and the present appellant. The present appellant being the chief executive officer cannot absolve himself of the responsibility. We have also gone through the said judgment of the Tribunal and keeping in view the fact that the penalty on Shri Shrikant Sitaram Maniyar was reduced to ₹ 2 lakhs, we reduce the penalty on the present appellant to ₹ 1,75,000/-. Barring this modification in penalty, the appeal is dismissed. - decided against assessee.
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