https://www.taxtmi.com/caselaws?id=445115 The Tribunal allowed the appeal, setting aside the penalty of Rs. 10,00,000 imposed on the appellant, a former director of the company, under Rule 26 of the Central Excise Rules, 2002. The Tribunal held that since the duty demand against the main company was settled under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019, there was no basis for imposing a penalty on the appellant, aligning with precedent that penalties should not apply when duty demands are resolved under this scheme. en-us Fri, 27 Oct 2023 00:00:00 +0530 Wed, 01 Nov 2023 08:46:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445115 The Tribunal allowed the appeal, setting aside the penalty of Rs. 10,00,000 imposed on the appellant, a former director of the company, under Rule 26 of the Central Excise Rules, 2002. The Tribunal held that since the duty demand against the main company was settled under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019, there was no basis for imposing a penalty on the appellant, aligning with precedent that penalties should not apply when duty demands are resolved under this scheme. Case-Laws Central Excise Fri, 27 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445115