https://www.taxtmi.com/caselaws?id=328957 The Tribunal confirmed the penalty against the company for removal of goods without duty payment, upholding the imposition of an equivalent penalty on the Director. The company's request for a 25% penalty reduction was accepted, with the Tribunal granting the benefit based on legal precedents. The penalty on the Director was reduced to 1,25,000 due to the harshness of the initial penalty amount, and both parties were directed to pay their respective reduced penalties in accordance with the Central Excise Rules and CEA provisions. en-us Fri, 15 Jan 2016 00:00:00 +0530 Sat, 18 Jun 2016 10:39:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328957 The Tribunal confirmed the penalty against the company for removal of goods without duty payment, upholding the imposition of an equivalent penalty on the Director. The company's request for a 25% penalty reduction was accepted, with the Tribunal granting the benefit based on legal precedents. The penalty on the Director was reduced to 1,25,000 due to the harshness of the initial penalty amount, and both parties were directed to pay their respective reduced penalties in accordance with the Central Excise Rules and CEA provisions. Case-Laws Central Excise Fri, 15 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328957