Unjustified Imposition of Penalty Under Rule 209A against person Maintaining Company Accounts

Nitin M Dhandhukia Vs C.C.E. (CESTAT Ahmedabad) CESTAT Ahmedabad held that imposing penalty under rule 209A against the person who is only involved in maintaining the accounts of the company is unjustified and unsustainable in law. Facts- The officer of Central Excise Department visited the factory premises of M/s. Raipur Manufacturing Co. Ltd, Saraspur Gate, Ahmedabad on 13.04.1998. The department formed a view that assessee namely M/s. Raipur Manufacturing Co. Ltd has not valued the captively consumed yarn properly as they have failed to include the expenses such as bonus, gratuity, interest...