https://www.taxtmi.com/caselaws?id=125464 The Tribunal upheld the Department's demand for differential excise duty based on the valuation of finished goods and work-in-progress, rejecting the appellants' argument that the goods were tailor-made. The Tribunal confirmed the duty demand and penalty under Section 11A of the Central Excise Act, finding the appellants' explanations unsatisfactory. Allegations of suppression and overvaluation were upheld due to discrepancies in the balance sheet. The Tribunal directed the appellants to pre-deposit a specific amount to waive the penalty and stay recovery, emphasizing compliance with duty payment requirements. Financial hardship plea was dismissed for lack of evidence. en-us Fri, 06 Mar 2009 00:00:00 +0530 Thu, 25 Oct 2012 14:24:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125464 The Tribunal upheld the Department's demand for differential excise duty based on the valuation of finished goods and work-in-progress, rejecting the appellants' argument that the goods were tailor-made. The Tribunal confirmed the duty demand and penalty under Section 11A of the Central Excise Act, finding the appellants' explanations unsatisfactory. Allegations of suppression and overvaluation were upheld due to discrepancies in the balance sheet. The Tribunal directed the appellants to pre-deposit a specific amount to waive the penalty and stay recovery, emphasizing compliance with duty payment requirements. Financial hardship plea was dismissed for lack of evidence. Case-Laws Central Excise Fri, 06 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125464