https://www.taxtmi.com/caselaws?id=116250 The Appellate Tribunal CESTAT, Mumbai, denied a total waiver of pre-deposit of duty in a case concerning assessable value of fabrics exceeding Rs. 25 per metre. The Tribunal directed the applicants to deposit Rs. 50,000 within eight weeks, with the balance duty pre-deposit waived upon this payment. Failure to comply would lead to dismissal of the appeal. The judgment underscores the importance of accurately declaring values for excise duty purposes, cautioning against using notional profits to manipulate assessable values and emphasizing transparency and accuracy in financial declarations within the excise duty framework. en-us Wed, 27 Apr 2005 00:00:00 +0530 Sat, 09 Jun 2012 12:36:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116250 The Appellate Tribunal CESTAT, Mumbai, denied a total waiver of pre-deposit of duty in a case concerning assessable value of fabrics exceeding Rs. 25 per metre. The Tribunal directed the applicants to deposit Rs. 50,000 within eight weeks, with the balance duty pre-deposit waived upon this payment. Failure to comply would lead to dismissal of the appeal. The judgment underscores the importance of accurately declaring values for excise duty purposes, cautioning against using notional profits to manipulate assessable values and emphasizing transparency and accuracy in financial declarations within the excise duty framework. Case-Laws Central Excise Wed, 27 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116250