1998 (2) TMI 250

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..... atter called. None for the respondent. A notice had been issued to the Official Liquidator inasmuch as the respondent-Company has been wound up in terms of the Calcutta High Court s Order dated 29-11-1994. In terms of the said order (para 14 thereof), the management and assets of the respondent-Company has been handed over to Lessee R.D. Builders and Developers Ltd. (now changed to R.D.B. Industri .....

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..... s. Although, the respondent-Company paid duty subsequently, a penalty of Rs. 1,00,000/- was imposed on the respondent-Company by the adjudicating authority. 3. The Board has, however, observed that the penalty should be enhanced. Accordingly, it has been an ordered under Section 35E of the Central Excise Act, 1944 directing the Collector to make an application before us for enhancing of the pena .....

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