TaxTMI 
TaxTMI 
TaxTMI 
2002 (4) TMI 877
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....spondent. [Order per : G.R. Sharma, Member (T)]. - These two appeals arise out of the same impugned order, therefore, they are being disposed of by a common order. 2. The facts of the case briefly stated are that the appellants are manufacturer of co-extruded multilayer films and flexible packing materials. The appellant-company was using plastic granule as input for the manufacture ....
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....5.0 lacs on the Managing Director of the company. 3. Arguing the case for the appellants Shri Jitendra Singh, learned Counsel submits that the appellants had no intention to evade payment of duty. He submits that it was a clerical error of the employee who was maintaining the central excise records. He submits that as soon as the mistake was pointed out the appellant reversed the entire amou....
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....e quantum of penalty was not too high on the company. Learned SDR also submits that Managing Director is answerable to the company as he would be looking after day to day working in company and cannot absolve himself of the responsibility. He, therefore, submits that penalty has rightly been imposed on the Managing Director. 6. On careful consideration of the submissions made before us by bo....