https://www.taxtmi.com/caselaws?id=118469 The Tribunal upheld the penalties imposed on the appellant company and its Director for the clandestine removal of goods and evasion of central excise duty. Despite the appellant's arguments and reliance on prior case law, the Tribunal found that the penalties were justified under Section 11A(2B) of the Central Excise Act, 1944, due to the intent to evade duty. The appeals were dismissed, affirming the penalties of Rs. 40,000/- on the company and Rs. 5,000/- on the Director. en-us Fri, 18 Aug 2006 00:00:00 +0530 Sat, 30 Jun 2012 18:04:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118469 The Tribunal upheld the penalties imposed on the appellant company and its Director for the clandestine removal of goods and evasion of central excise duty. Despite the appellant's arguments and reliance on prior case law, the Tribunal found that the penalties were justified under Section 11A(2B) of the Central Excise Act, 1944, due to the intent to evade duty. The appeals were dismissed, affirming the penalties of Rs. 40,000/- on the company and Rs. 5,000/- on the Director. Case-Laws Central Excise Fri, 18 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118469