https://www.taxtmi.com/caselaws?id=234318 Concurrent findings that a company fraudulently availed credit without receipt of inputs and clandestinely cleared goods without payment of duty supported penalty under Rule 209A against the directors. The record also showed that the authorised signatory acted in day-to-day business on instructions of one appellant and that the appellants were aware of the company's excise contraventions. A belated claim that other persons managed the business was found inconsistent and unsupported. On that basis, the penalty was sustained and the challenge failed. en-us Mon, 16 Apr 2012 00:00:00 +0530 Fri, 07 Jun 2013 09:02:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234318 Concurrent findings that a company fraudulently availed credit without receipt of inputs and clandestinely cleared goods without payment of duty supported penalty under Rule 209A against the directors. The record also showed that the authorised signatory acted in day-to-day business on instructions of one appellant and that the appellants were aware of the company's excise contraventions. A belated claim that other persons managed the business was found inconsistent and unsupported. On that basis, the penalty was sustained and the challenge failed. Case-Laws Central Excise Mon, 16 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234318