TMI Blog2018 (1) TMI 1007X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. - E/70552/2016-EX[SM] - A/71669/2017-SM[BR] - Dated:- 24-11-2017 - Mrs. Archana Wadhwa, Member (Judicial) Ms ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ise Act, 1944. In addition, penalty of ₹ 1 lakh was imposed upon the present appellant i.e. Director of the Company. 3. On appeal against the above order, the Appellate Authority observed that in as much as the entire duty stands paid by the manufacturing unit before the issuance of the Show Cause Notice and if the said assessee deposits 25% of the penalty within a period of 30 days from ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f 30 days of passing of the present impugned order. 5. After hearing the ld. A. R. for Revenue, I find 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. However, appreciating that the penalty on the main assessee stands reduced 25%, I reduce the pe ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
