https://www.taxtmi.com/caselaws?id=123500 Undervaluation under Section 4 of the Central Excise Act, 1944 requires evidence of additional consideration, flow back of money, or other extra commercial arrangement; differential clearances to job workers alone do not displace the declared value, and non-filing of a Rule 173C declaration is not enough to prove incorrect valuation. Where goods are sent to job workers on duty payment and Modvat credit is available, the transaction may be revenue neutral, and that circumstance weakens any inference of suppression or intent to evade duty. The article states that, on these principles, the demand failed and the assessee succeeded. en-us Thu, 21 Jun 2007 00:00:00 +0530 Fri, 14 Sep 2012 16:35:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123500 Undervaluation under Section 4 of the Central Excise Act, 1944 requires evidence of additional consideration, flow back of money, or other extra commercial arrangement; differential clearances to job workers alone do not displace the declared value, and non-filing of a Rule 173C declaration is not enough to prove incorrect valuation. Where goods are sent to job workers on duty payment and Modvat credit is available, the transaction may be revenue neutral, and that circumstance weakens any inference of suppression or intent to evade duty. The article states that, on these principles, the demand failed and the assessee succeeded. Case-Laws Central Excise Thu, 21 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123500