https://www.taxtmi.com/caselaws?id=449346 The Tribunal set aside the personal penalty imposed on the director under Rule 26 of the Central Excise Rules, 2002. It found that the penalty was not justified as there was no mala fide intention, and the issue was related to the interpretation of valuation provisions under Section 4 of the Central Excise Act. The goods were sold with proper invoices, and duty was paid on the transaction value. Consequently, the appeal was allowed, and the penalty against the director was annulled. en-us Thu, 08 Feb 2024 00:00:00 +0530 Sat, 10 Feb 2024 07:43:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449346 The Tribunal set aside the personal penalty imposed on the director under Rule 26 of the Central Excise Rules, 2002. It found that the penalty was not justified as there was no mala fide intention, and the issue was related to the interpretation of valuation provisions under Section 4 of the Central Excise Act. The goods were sold with proper invoices, and duty was paid on the transaction value. Consequently, the appeal was allowed, and the penalty against the director was annulled. Case-Laws Central Excise Thu, 08 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449346