https://www.taxtmi.com/caselaws?id=351159 The Tribunal set aside the penalty of Rs. 4,00,000 imposed on the Managing Director of a company for non-payment of Central Excise duty collected from customers. The penalty was dropped due to the lack of malafide intent and unsustainable grounds under Rule 8(3A) and Rule 26. The Tribunal found no evidence to support the penalty and allowed the appeal, emphasizing the absence of mens rea and the unsustainable nature of the impugned order. en-us Tue, 07 Nov 2017 00:00:00 +0530 Fri, 15 Dec 2017 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351159 The Tribunal set aside the penalty of Rs. 4,00,000 imposed on the Managing Director of a company for non-payment of Central Excise duty collected from customers. The penalty was dropped due to the lack of malafide intent and unsustainable grounds under Rule 8(3A) and Rule 26. The Tribunal found no evidence to support the penalty and allowed the appeal, emphasizing the absence of mens rea and the unsustainable nature of the impugned order. Case-Laws Central Excise Tue, 07 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351159