https://www.taxtmi.com/caselaws?id=108264 Valuation of plastic scrap for duty was found unsustainably high because it was fixed close to the value of the finished sheets without supporting data from the appellants' own scrap production or comparable market material. A best judgment assessment still required some evidentiary basis, so the valuation was set aside and remanded for fresh consideration. Penalty for short-levy of duty was also held unwarranted because there was no finding of dishonest or contumacious conduct, and the penalty was deleted. en-us Tue, 27 Aug 2002 00:00:00 +0530 Fri, 30 Mar 2012 17:03:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108264 Valuation of plastic scrap for duty was found unsustainably high because it was fixed close to the value of the finished sheets without supporting data from the appellants' own scrap production or comparable market material. A best judgment assessment still required some evidentiary basis, so the valuation was set aside and remanded for fresh consideration. Penalty for short-levy of duty was also held unwarranted because there was no finding of dishonest or contumacious conduct, and the penalty was deleted. Case-Laws Central Excise Tue, 27 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108264