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2018 (1) TMI 1007 - AT - Central ExcisePenalty on Director u/r 26 of CER - clandestine activity by manufacturing unit - Held that: - there is no contest to the issue that the Director of the Company was the involved party in the clandestine activity of the manufacturing unit. As such, penalty upon his is liable to be upheld - appreciating that the penalty on the main assessee stands reduced 25%, the penalty in the present appeal is reduced to ₹ 25,000/-, in case, the appellant deposits the same within a period of 30 days - appeal allowed - decided in favor of appellant.
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