https://www.taxtmi.com/caselaws?id=116154 The Tribunal set aside the impugned order-in-original confirming duty demand and penalty against the appellants for manufacturing Hot Re-rolled products of non-alloy steel. It was found that the assessable value determination by the adjudicating authority was flawed due to discrepancies in inspection reports and lack of evidence. The Tribunal emphasized that the assessable value should have been based on the parameters declared by the appellants in 1997, supported by a Chartered Engineer report. Consequently, the appeal was allowed, and the duty demand outstanding against the appellants was to be raised based on the initial declaration. en-us Fri, 04 Mar 2005 00:00:00 +0530 Thu, 07 Jun 2012 16:44:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116154 The Tribunal set aside the impugned order-in-original confirming duty demand and penalty against the appellants for manufacturing Hot Re-rolled products of non-alloy steel. It was found that the assessable value determination by the adjudicating authority was flawed due to discrepancies in inspection reports and lack of evidence. The Tribunal emphasized that the assessable value should have been based on the parameters declared by the appellants in 1997, supported by a Chartered Engineer report. Consequently, the appeal was allowed, and the duty demand outstanding against the appellants was to be raised based on the initial declaration. Case-Laws Central Excise Fri, 04 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116154