https://www.taxtmi.com/caselaws?id=122958 Where genuine factory gate sales existed, depot or branch prices could not replace the normal factory gate price for valuation merely because they were higher, and the different plywood grades were treated as commercially real. Additional cash recovered in connection with Calcutta-region sales, supported by seized records and parallel-invoice material, was includible in assessable value to the extent proved, but the department's broader figure was not fully accepted. Interest under Section 11AB was not sustainable for the relevant period, the company's penalty was reduced, and penalties on individual noticees and the agency personnel were set aside because Rule 209A required a basis of confiscability. en-us Wed, 26 Sep 2007 00:00:00 +0530 Mon, 25 Sep 2017 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122958 Where genuine factory gate sales existed, depot or branch prices could not replace the normal factory gate price for valuation merely because they were higher, and the different plywood grades were treated as commercially real. Additional cash recovered in connection with Calcutta-region sales, supported by seized records and parallel-invoice material, was includible in assessable value to the extent proved, but the department's broader figure was not fully accepted. Interest under Section 11AB was not sustainable for the relevant period, the company's penalty was reduced, and penalties on individual noticees and the agency personnel were set aside because Rule 209A required a basis of confiscability. Case-Laws Central Excise Wed, 26 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122958