https://www.taxtmi.com/caselaws?id=82340 Excise valuation must be based on ascertainable factory-gate prices charged to independent buyers, rather than downstream resale prices realised by a related concern. Clandestine production and removal may be established through cumulative corroborative evidence, including private accounts, unaccounted despatches, transport invoices, workers' records, and banking or sales material. Exemption benefits available under corresponding notifications for later years should also extend to earlier covered years where no valid basis exists for denial, requiring duty recomputation. Reduced duty liability warrants proportionate reduction of redemption fine and penalties, with unsupported confiscatory and personal penalty components liable to be set aside. en-us Thu, 22 Nov 1990 00:00:00 +0530 Mon, 04 Jul 2011 13:54:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82340 Excise valuation must be based on ascertainable factory-gate prices charged to independent buyers, rather than downstream resale prices realised by a related concern. Clandestine production and removal may be established through cumulative corroborative evidence, including private accounts, unaccounted despatches, transport invoices, workers' records, and banking or sales material. Exemption benefits available under corresponding notifications for later years should also extend to earlier covered years where no valid basis exists for denial, requiring duty recomputation. Reduced duty liability warrants proportionate reduction of redemption fine and penalties, with unsupported confiscatory and personal penalty components liable to be set aside. Case-Laws Central Excise Thu, 22 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82340