https://www.taxtmi.com/caselaws?id=258641 The Tribunal upheld the confirmation of demand and penalty under Rule 25 of the Central Excise Rules, 2002, in a case involving clearance of goods to cutting centers at a lower value than the subsequent sale price. Emphasizing that the transaction was a transfer, not a sale, the Tribunal affirmed the lower authorities' decision on differential duty. The appellant was directed to pre-deposit the entire duty amount within six weeks, with potential waiver of interest and penalty upon compliance. The judgment reinforces principles of valuation under the Central Excise Act, highlighting the significance of transaction value in determining excise duty liabilities. en-us Mon, 09 Feb 2015 00:00:00 +0530 Fri, 14 Aug 2015 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258641 The Tribunal upheld the confirmation of demand and penalty under Rule 25 of the Central Excise Rules, 2002, in a case involving clearance of goods to cutting centers at a lower value than the subsequent sale price. Emphasizing that the transaction was a transfer, not a sale, the Tribunal affirmed the lower authorities' decision on differential duty. The appellant was directed to pre-deposit the entire duty amount within six weeks, with potential waiver of interest and penalty upon compliance. The judgment reinforces principles of valuation under the Central Excise Act, highlighting the significance of transaction value in determining excise duty liabilities. Case-Laws Central Excise Mon, 09 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258641