https://www.taxtmi.com/caselaws?id=385300 The High Court upheld the penalty of Rs. 20 lakhs imposed on the Managing Director of a company for evading Central Excise duty through undervaluation and clandestine clearance of products. The Court found that evidence, including seized documents and employee statements, established the appellant's involvement in the scheme. Despite the appellant's challenges regarding the lack of documentary evidence and retracted statements, the Court deemed the evidence sufficient to prove the evasion. The appeal was dismissed, affirming the penalties imposed by the lower authorities and the Tribunal. en-us Wed, 12 Dec 2018 00:00:00 +0530 Tue, 03 Sep 2019 08:06:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385300 The High Court upheld the penalty of Rs. 20 lakhs imposed on the Managing Director of a company for evading Central Excise duty through undervaluation and clandestine clearance of products. The Court found that evidence, including seized documents and employee statements, established the appellant's involvement in the scheme. Despite the appellant's challenges regarding the lack of documentary evidence and retracted statements, the Court deemed the evidence sufficient to prove the evasion. The appeal was dismissed, affirming the penalties imposed by the lower authorities and the Tribunal. Case-Laws Central Excise Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385300