Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2018 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (2) TMI 538 - AT - Central ExciseDemand of duty and penalty u/s 11AC - Held that:- Adjudicating authority has analyzed the entire allegations made in the SCN in considerable detail. He has taken note of the findings of the results of the cross examination held on 4.2.2009, 19.2.2009 and 26.2.2009. Based on the analysis of same, detailed findings have been arrived in paras 55-67 of the impugned order. Only based on these findings, has the adjudicating authority justified the reduced demand of duty of ₹ 32,17,912/- and imposed penalty of ₹ 32,82,270/- under Section 11AC of the Central Excise Act on the assessee. The penalty of ₹ 1 lakh imposed on the Managing Director of the appellant appears to be commensurate with the reduced demand of duty confirmed by the Commissioner.
|