2015 (6) TMI 952

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....idharan, AC (AR) ORDER Per: D N Panda: Learned counsel vehemently opposes the adjudication on the ground that evasion of duty cannot be presumed alleging clandestine removal. There shall not levy of duty automatically. So also there shall be not be levy of penalty under Section 11AC of the Central Excise Act, 1944. Both the Directors of the appellant-Company faced penalty of Rs. 95,678/- each ....

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....d not rule out appellant's involvement in the unaccounted clearances. They became witness against appellant by virtue of their dealing with such goods of appellant. The appellant also could not bring out any evidence to lead before the investigation as well as the authorities below, to prove that the goods covered by the chits did not belong to it. When the chits recovered during investigation....

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.... was established from the material facts and circumstances. Therefore, imposition of penalty on both the Directors is justified. Accordingly, their stay applications and appeals are dismissed. 4. At this juncture, submission of learned counsel is that at least penalty of Rs. 95,768/- imposed on the appellant under Section 11AC may be reduced to 25% of the duty element. It may be stated that conce....