https://www.taxtmi.com/caselaws?id=100466 Motor vehicle parts sold at prices higher than those declared in invoices were found to have been undervalued for central excise purposes, with statements and seized documents supporting the view that extra collections formed part of the assessable value. On that basis, the duty demand was confirmed on the higher realizations. The Tribunal nevertheless treated the surrounding circumstances as mitigating for penalty purposes and reduced the penalties, holding the original quantum to be excessive. The final result was that the duty demand remained upheld, while relief was granted only by scaling down the penalties. en-us Fri, 12 Oct 2001 00:00:00 +0530 Wed, 01 Feb 2012 17:28:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100466 Motor vehicle parts sold at prices higher than those declared in invoices were found to have been undervalued for central excise purposes, with statements and seized documents supporting the view that extra collections formed part of the assessable value. On that basis, the duty demand was confirmed on the higher realizations. The Tribunal nevertheless treated the surrounding circumstances as mitigating for penalty purposes and reduced the penalties, holding the original quantum to be excessive. The final result was that the duty demand remained upheld, while relief was granted only by scaling down the penalties. Case-Laws Central Excise Fri, 12 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100466