2003 (6) TMI 237 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Kolkata set aside a penalty of Rs. 1.00 lakh imposed on the appellant, a director of M/s. Best Corporation, for alleged duty evasion. The tribunal found no evidence linking the appellant to the evasion and ruled that penalty cannot be imposed solely based on directorship. The penalty was overturned, and the appeal was allowed.