https://www.taxtmi.com/caselaws?id=251658 Cum-duty valuation was denied because the clearances were made without payment of duty after crossing the small-scale exemption limit, and the record did not show that the sale price was inclusive of excise duty in the manner required for deduction. Modvat credit was also rejected because the assessee was unregistered and had not complied with mandatory procedural requirements such as declaration, record maintenance and return filing; substantial compliance was insufficient to claim the fiscal benefit. Penalty equal to the duty demand was held sustainable for the relevant period, being supportable under Rule 173Q before Section 11AC and under Section 11AC thereafter. en-us Fri, 14 Mar 2014 00:00:00 +0530 Tue, 23 Sep 2014 07:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251658 Cum-duty valuation was denied because the clearances were made without payment of duty after crossing the small-scale exemption limit, and the record did not show that the sale price was inclusive of excise duty in the manner required for deduction. Modvat credit was also rejected because the assessee was unregistered and had not complied with mandatory procedural requirements such as declaration, record maintenance and return filing; substantial compliance was insufficient to claim the fiscal benefit. Penalty equal to the duty demand was held sustainable for the relevant period, being supportable under Rule 173Q before Section 11AC and under Section 11AC thereafter. Case-Laws Central Excise Fri, 14 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251658