https://www.taxtmi.com/caselaws?id=254875 The Tribunal confirmed duty against the company for manufacturing and clearing computers under a specific brand name, imposing a penalty of Rs. 5,00,000 on the Managing Director. The penalty was reduced to 25% in line with the proviso to Section 11AC as the duty was paid before the notice was issued. No separate penalty was imposed on the Managing Director due to the lack of mala fide intent and the company's prompt deposit of duty. The Tribunal upheld the demand and interest while reducing the penalty for the company. en-us Tue, 29 Apr 2014 00:00:00 +0530 Fri, 02 Jan 2015 15:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254875 The Tribunal confirmed duty against the company for manufacturing and clearing computers under a specific brand name, imposing a penalty of Rs. 5,00,000 on the Managing Director. The penalty was reduced to 25% in line with the proviso to Section 11AC as the duty was paid before the notice was issued. No separate penalty was imposed on the Managing Director due to the lack of mala fide intent and the company's prompt deposit of duty. The Tribunal upheld the demand and interest while reducing the penalty for the company. Case-Laws Central Excise Tue, 29 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254875