Director Avoids Penalty After Duty Demand Settlement Under SVLDRS Scheme; No Justification for Rule 26 Penalty Imposition.

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....Penalty u/r 26 of the Central Excise Rules, 2002 - appellant was Director during relevant period - Since the demand of the duty has already been settled under SVLDRS Scheme and there is no cause for imposition of penalty under Rule 26 of the Central Excise Rules, 2002 on the director of the company who has been a paid employee - AT....