https://www.taxtmi.com/caselaws?id=115920 The Tribunal upheld the duty demand and penalties imposed on a company for undervaluing goods sold to related persons compared to independent buyers to evade duty payment. The valuation based on the price to independent buyers was deemed appropriate, rejecting the company's arguments. The Tribunal also found no merit in the Revenue's appeal for enhancement of penalty, as the imposed penalty was within the adjudicating authority's discretion. Appeals by both parties were dismissed based on established valuation principles and penalty imposition discretion. en-us Wed, 09 Feb 2005 00:00:00 +0530 Tue, 05 Jun 2012 16:54:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115920 The Tribunal upheld the duty demand and penalties imposed on a company for undervaluing goods sold to related persons compared to independent buyers to evade duty payment. The valuation based on the price to independent buyers was deemed appropriate, rejecting the company's arguments. The Tribunal also found no merit in the Revenue's appeal for enhancement of penalty, as the imposed penalty was within the adjudicating authority's discretion. Appeals by both parties were dismissed based on established valuation principles and penalty imposition discretion. Case-Laws Central Excise Wed, 09 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115920