https://www.taxtmi.com/caselaws?id=123660 The Appellate Tribunal reduced the penalty imposed on the Managing Director from Rs. 1,08,000 to Rs. 50,000. The Tribunal found no evidence implicating the Director in the shortage/excess of goods and noted that the forgery of TR-6 challans was done by the Accountant without the Director's knowledge. The penalty reduction was based on the Company settling the penal provisions by paying 25% of the duty. en-us Tue, 08 Apr 2008 00:00:00 +0530 Tue, 18 Sep 2012 18:37:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123660 The Appellate Tribunal reduced the penalty imposed on the Managing Director from Rs. 1,08,000 to Rs. 50,000. The Tribunal found no evidence implicating the Director in the shortage/excess of goods and noted that the forgery of TR-6 challans was done by the Accountant without the Director's knowledge. The penalty reduction was based on the Company settling the penal provisions by paying 25% of the duty. Case-Laws Central Excise Tue, 08 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123660