https://www.taxtmi.com/caselaws?id=115185 The Appellate Tribunal CESTAT, Mumbai upheld the Commissioner's decision to drop duty demands totaling Rs. 1,73,11,872/- and Rs. 55,11,497/- raised in two show cause notices for the period April 1995 to March 2000. The Tribunal found no evidence supporting undervaluation claims regarding Polyester Texturised Yarn, emphasizing that as long as sales realization matched the invoice amount, undervaluation could not be proven based on bank statements submitted for credit purposes. The Tribunal dismissed cross-objections challenging the Commissioner's findings about fictitious buyers, affirming the decision and emphasizing the importance of evidence in establishing undervaluation. en-us Mon, 31 Jan 2005 00:00:00 +0530 Thu, 24 May 2012 15:14:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115185 The Appellate Tribunal CESTAT, Mumbai upheld the Commissioner's decision to drop duty demands totaling Rs. 1,73,11,872/- and Rs. 55,11,497/- raised in two show cause notices for the period April 1995 to March 2000. The Tribunal found no evidence supporting undervaluation claims regarding Polyester Texturised Yarn, emphasizing that as long as sales realization matched the invoice amount, undervaluation could not be proven based on bank statements submitted for credit purposes. The Tribunal dismissed cross-objections challenging the Commissioner's findings about fictitious buyers, affirming the decision and emphasizing the importance of evidence in establishing undervaluation. Case-Laws Central Excise Mon, 31 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115185