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TMI Blog2017 (9) TMI 1311X X X X Extracts X X X X X X X X Extracts X X X X ..... oyees of the Company not only cheated her by mis-using their position, the Company also had to suffer embezzlement resulting in considerable financial loss as well as loss of reputation - the Adjudicating Authority had already penalized the Company by imposition of penalty under Section 11AC of the Central Excise Act, 1944. There is no material available on record to show that the appellant had co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that Smt. Swati Paul is a Director of the Company, M/s Recon Castings (Pvt.) Ltd. Vide Order-in-Original dated 27.09.2010, a demand of ₹ 2,13,095/- was confirmed against M/s Recon Castings (Pvt.) Ltd. along with interest and equal amount of penalty was also imposed under Section 11AC of the Central Excise Act, 1944. A personal penalty of ₹ 2,13,095/- was also imposed on the Director, S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taking advantage of her ignorance and innocence, the irregularities have crept in not only in the field of Central Excise but also in some other areas. In the statement of facts, it is mentioned that the concerned employees of the Company not only cheated her by mis-using their position, the Company also had to suffer embezzlement resulting in considerable financial loss as well as loss of reputat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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