Directors Avoid Penalty u/r 209A as No Opportunity Given to Confront Broker in Excise Case.

Directors Avoid Penalty u/r 209A as No Opportunity Given to Confront Broker in Excise Case. https://www.taxtmi.com/highlights?id=44169 Imposition of penalty u/r 209A of CER on Directors - The authorized signatory and Director has stated that the material was purchased through broker was “on for” basis in their testimony. The Director also sought leave to confront the broker who has denied any transaction and even receiving of cheque. -No opportunity was given - No penalty. en-us Wed, 30 Jan 2019 07:00:25 +0530 Wed, 30 Jan 2019 07:00:25 +0530 TaxTMI RSS Generator Directors Avoid Penalty u/r 209A as No Opportunity Given to Confront Broker in Excise Case. https://www.taxtmi.com/highlights?id=44169 Imposition of penalty u/r 209A of CER on Directors - The authorized signatory and Director has stated that the material was purchased through broker was “on for” basis in their testimony. The Director also sought leave to confront the broker who has denied any transaction and even receiving of cheque. -No opportunity was given - No penalty. Highlights Central Excise Wed, 30 Jan 2019 07:00:25 +0530 https://www.taxtmi.com/highlights?id=44169