https://www.taxtmi.com/caselaws?id=97379 The Tribunal set aside the penalties imposed on M/s. Electrolux Kelvinator Ltd. in appeals against the Deputy Commissioner's orders regarding the valuation of refrigerators sold to employees at reduced rates. However, the Tribunal upheld the duty amounts, emphasizing the need for correct valuation of goods for excise duty purposes and appropriate penalty application. The decision focused on the discrepancy between selling goods to employees at reduced rates and the normal wholesale trade prices, ultimately leading to the rejection of the appeals on valuation and penalty issues. en-us Fri, 28 Sep 2001 00:00:00 +0530 Mon, 13 May 2019 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97379 The Tribunal set aside the penalties imposed on M/s. Electrolux Kelvinator Ltd. in appeals against the Deputy Commissioner's orders regarding the valuation of refrigerators sold to employees at reduced rates. However, the Tribunal upheld the duty amounts, emphasizing the need for correct valuation of goods for excise duty purposes and appropriate penalty application. The decision focused on the discrepancy between selling goods to employees at reduced rates and the normal wholesale trade prices, ultimately leading to the rejection of the appeals on valuation and penalty issues. Case-Laws Central Excise Fri, 28 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97379