Personal penalty of Rs. 50,000 under Rule 26 set aside after principal party settled under SVLDRS 2019

The Tribunal allowed the appellant's challenge against a Rs. 50,000 personal penalty under Rule 26 of Central Excise Rules, 2002 for abetting duty evasion by M/s. Atlas Plastics. The appellant contended that since the principal party's case was settled under SVLDRS 2019, the appeal should be disposed of accordingly. After considering relevant precedents, the Tribunal set aside the penalty and allowed the appeal on 08.05.2024.

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The appellant challenged a personal penalty of Rs. 50,000 under Rule 26 of Central Excise Rules, 2002 for abating duty evasion by M/s. Atlas Plastics. The appellant argued that the main party's case was settled under SVLDRS 2019, leading to the disposal of the appeal. The Tribunal considered relevant judgments and set aside the penalty, allowing the appeal. (Judgment date: 08.05.2024)

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