https://www.taxtmi.com/caselaws?id=105161 The Tribunal allowed the manufacturer's application for waiver of deposit of duty, penalty, and fine amounting to approximately Rs. 1.84 crores and Rs. 18.4 lakhs on the director. The Commissioner's corrigendum changing the assessable value from inclusive to exclusive of duty was scrutinized, with the Tribunal deciding to consider the corrigendum and waive the deposit pending reassessment. The Tribunal emphasized that prices declared to the bank should be treated as cum-duty prices, impacting the differential duty payable and potential refunds for the manufacturer. The validity of the corrigendum was questioned, suggesting intentional alterations rather than clerical errors. en-us Thu, 05 Jul 2001 00:00:00 +0530 Fri, 02 Mar 2012 17:11:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105161 The Tribunal allowed the manufacturer's application for waiver of deposit of duty, penalty, and fine amounting to approximately Rs. 1.84 crores and Rs. 18.4 lakhs on the director. The Commissioner's corrigendum changing the assessable value from inclusive to exclusive of duty was scrutinized, with the Tribunal deciding to consider the corrigendum and waive the deposit pending reassessment. The Tribunal emphasized that prices declared to the bank should be treated as cum-duty prices, impacting the differential duty payable and potential refunds for the manufacturer. The validity of the corrigendum was questioned, suggesting intentional alterations rather than clerical errors. Case-Laws Central Excise Thu, 05 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105161