CESTAT reduces penalty imposed on Chairman/MD for improper accounting of finished goods under Excise Law

Anil Dudalal Kaneria Vs C.C.E (CESTAT Ahmedabad) Introduction: Discover the recent ruling by CESTAT Ahmedabad in the case of Anil Dudalal Kaneria vs C.C.E.-Bharuch [Excise Appeal No.10079 of 2019]. The case revolves around the imposition of a significant penalty on the Chairman of a company for alleged failure in accounting for manufactured goods. The penalty was later reduced from INR 5 Lacs to INR 1 Lac. Detailed Analysis: Anil Dudalal Kaneria, the Chairman of M/S Kaneria Granito Ltd., faced a Show Cause Notice (SCN) from the Revenue Department for failing in proper accounting of manufacture...