Directors Avoid Penalty u/r 209A as No Opportunity Given to Confront Broker in Excise Case.

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....Imposition of penalty u/r 209A of CER on Directors - The authorized signatory and Director has stated that the material was purchased through broker was “on for” basis in their testimony. The Director also sought leave to confront the broker who has denied any transaction and even receiving of cheque. -No opportunity was given - No penalty.....