https://www.taxtmi.com/caselaws?id=88713 In excise valuation, clandestinely cleared goods were accepted as man-made fabrics where the assessee failed to produce reliable internal records linking the disputed lots to cotton fabrics. A claimed uniform 1% discount was rejected because it was not shown in the price list or otherwise established as a disclosed term available to buyers. The duty element remained deductible from assessable value under the valuation scheme, regardless of whether duty had been collected from buyers, so the value had to be recomputed after excluding duty. The penalty was reduced because duty had been paid before adjudication and partly before notice. en-us Wed, 23 Apr 1997 00:00:00 +0530 Tue, 20 Sep 2011 17:18:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88713 In excise valuation, clandestinely cleared goods were accepted as man-made fabrics where the assessee failed to produce reliable internal records linking the disputed lots to cotton fabrics. A claimed uniform 1% discount was rejected because it was not shown in the price list or otherwise established as a disclosed term available to buyers. The duty element remained deductible from assessable value under the valuation scheme, regardless of whether duty had been collected from buyers, so the value had to be recomputed after excluding duty. The penalty was reduced because duty had been paid before adjudication and partly before notice. Case-Laws Central Excise Wed, 23 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88713