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2016 (1) TMI 269 - AT - Central ExciseBenefit of SSI exemption Notification No. 8/2000-CE dated 01.03.2001 - clubbing the clearance value of their Banglore unit with the clearance value of Daman unit - Imposition of penalty - Held that:- There is no dispute that the clearance value of Bangalore Unit would be clubbed with the assessee's Daman Units. The appellant had not disclosed this fact with the Department. The representative of the assessee company admitted in their statements before the investigating officers. The contention of the Learned Advocate is that the demand is barred by limitation, cannot be accepted. So, the demand of duty alongwith interest and imposition of penalty under Section 11 AC of the Central Excise Act, 1944 are justified. We allow an option to the assessee company to pay penalty 25% of the duty alongwith entire amount of duty and interest within 30 days from the date of communication of this order. The penalty on the Director, Shri Sachin Modi, is reduced to ₹ 15,000.00. The penalty imposed on Shri Parimal Naik, Factory manager is set-aside - Decided partly in favour of assessee.
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