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of <h1>Company Leaders Liable for Tax Evasion Under Central Excise Act & Finance Act, 1994, If Neglect or Consent Proven.</h1> Individuals and entities can be prosecuted for evasion of service tax or central excise under the Central Excise Act, 1944, and the Finance Act, 1994. If an offence is committed by a company, those in charge, including directors, managers, secretaries, or other officers, may be deemed guilty if the offence occurred with their consent, connivance, or due to their neglect. The term 'company' includes any corporate body, firm, or association of individuals, and 'director' refers to a partner in a firm. These provisions also apply to service tax as per Section 83 of the Finance Act, 1994.
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