https://www.taxtmi.com/caselaws?id=246311 The Appellate Tribunal CESTAT MUMBAI allowed the appeal, setting aside the demand with interest and penalty under Section 11AC of the Central Excise Act. The appellant successfully argued that they received the old conveyor system from another company and cleared it without modification, as part of a buy-back agreement for a new system. The Tribunal found the demand unsustainable due to lack of evidence supporting Revenue's claim of undervaluation and modification charges, ultimately ruling in favor of the appellant and canceling the penalty imposed. en-us Tue, 29 Nov 2011 00:00:00 +0530 Sun, 20 Apr 2014 16:00:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246311 The Appellate Tribunal CESTAT MUMBAI allowed the appeal, setting aside the demand with interest and penalty under Section 11AC of the Central Excise Act. The appellant successfully argued that they received the old conveyor system from another company and cleared it without modification, as part of a buy-back agreement for a new system. The Tribunal found the demand unsustainable due to lack of evidence supporting Revenue's claim of undervaluation and modification charges, ultimately ruling in favor of the appellant and canceling the penalty imposed. Case-Laws Central Excise Tue, 29 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246311