https://www.taxtmi.com/caselaws?id=126639 Undervaluation was found on the basis of deleted computer data, dealer statements and corroborating evidence, but the demand could not be mechanically extended to all clearances where the proof directly covered only identified dealers. For clearances before 1-7-2000, assessable value had to be worked out under the then prevailing normal price regime, while for clearances after 1-7-2000 the transaction value method had to be applied transaction-wise. The principal duty demand was therefore remanded for fresh quantification under the correct valuation rules. Confiscation, redemption fine and penalties on the seized-goods dealers were upheld, and the partner's penalty was left for reconsideration after recomputation. en-us Fri, 01 May 2009 00:00:00 +0530 Wed, 19 Jul 2017 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126639 Undervaluation was found on the basis of deleted computer data, dealer statements and corroborating evidence, but the demand could not be mechanically extended to all clearances where the proof directly covered only identified dealers. For clearances before 1-7-2000, assessable value had to be worked out under the then prevailing normal price regime, while for clearances after 1-7-2000 the transaction value method had to be applied transaction-wise. The principal duty demand was therefore remanded for fresh quantification under the correct valuation rules. Confiscation, redemption fine and penalties on the seized-goods dealers were upheld, and the partner's penalty was left for reconsideration after recomputation. Case-Laws Central Excise Fri, 01 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126639