CESTAT upholds Penalty of Chairman/MD on Failure to ensure Proper Accounting of Finished Goods [Read Order]

CESTAT - Penalty - Chairman - MD - Accounting - Finished Goods - taxscan

The Ahmedabad Bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has upheld the penalty of the Chairman/Managing Director since he failed to ensure proper accounting of finished goods. The appellant, Shri R P Parekh Chairman & Managing Director of M/S Kaneria Granito Ltd., filed an appeal before CESTAT against the confirmation of imposition…

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