2003 (8) TMI 322 - AT - Central Excise

Summary

The appeal was filed against a penalty of Rs. 5,000 imposed on the Managing Director of M/s. Best Board Ltd. The Tribunal set aside the penalty as there was no evidence connecting the Managing Director with the illegal activities of the company for evading Central Excise duty. The penalty imposed under Rule 209A of the Central Excise Rules was overturned.