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2017 (11) TMI 1970 - AT - Central ExciseLevy of Interest - duty paid against shortage of goods noticed on the same day of the visit of the officers - levy of personal penalty on the Director and the employee - HELD THAT:- The appellant had immediately paid the entire duty on the shortage of the goods noticed, hence interest is not attracted. Further, the Director in his statement accepted that the goods have been removed without payment of duty, therefore, the Ld. Commissioner (Appeals) has rightly confirmed the penalty on the Director and the employee. However, considering the overall circumstances of the case, and considering that the appellant company has paid 25% of the penalty imposed, in the interest of justice, the penalty on Director is reduced to ₹ 50,000/- and employee is reduced to ₹ 5,000/-. Appeal allowed in part.
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