2015 (12) TMI 868

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ioner : M/s. Biren Poddar, N.K. Pasari, Ranjana Mukherjee For the Respondent : Mr. Ratnesh Kumar ORDER Per D.N. Patel, J 1) This appeal has bee preferred by appellant Jaswant Singh, who is one of the Directors in M/s. Amba Re-Rolling Mill Pvt. Ltd., Jamshedpur, upon whom penalty has been imposed by Commissioner of Central Excise and Service Tax, Jamshedpur while passing an order dated 3rd July .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ly, 2012 which is under challenge. Nonetheless, the Tribunal has pointed out that current asset of this company is approximately Rs. 3.00 Crores as on 31st March, 2011, and, therefore, 10% penalty has been ordered to be deposited by this appellant. 3) As the penalty imposed personally upon this appellant of 10% is absolutely reasonable amount to be deposited by this appellant, counsel for the app .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X