2015 (12) TMI 868

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....naker Bhengra, JJ For the Petitioner : M/s. Biren Poddar, N.K. Pasari, Ranjana Mukherjee For the Respondent : Mr. Ratnesh Kumar ORDER Per D.N. Patel, J 1) This appeal has bee preferred by appellant Jaswant Singh, who is one of the Directors in M/s. Amba Re-Rolling Mill Pvt. Ltd., Jamshedpur, upon whom penalty has been imposed by Commissioner of Central Excise and Service Tax, Jamshe....

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....er paragraph 15 of the order dated 3rd of July, 2012 which is under challenge. Nonetheless, the Tribunal has pointed out that current asset of this company is approximately Rs. 3.00 Crores as on 31st March, 2011, and, therefore, 10% penalty has been ordered to be deposited by this appellant. 3) As the penalty imposed personally upon this appellant of 10% is absolutely reasonable amount to be de....