Tribunal Clears Assessee of Liability After Merchant Manufacturers Found Undervaluing Goods Without Assessee's Knowledge.

Tribunal Clears Assessee of Liability After Merchant Manufacturers Found Undervaluing Goods Without Assessee's Knowledge. https://www.taxtmi.com/highlights?id=25185 Valuation - Undervaluation of goods - It has come on record that the merchant manufacturers were disclosing lesser value. It has also come on record that this fact was not known to the assessee. - Tribunal has, therefore, rightly absolved the assessee of any liability - SC en-us Wed, 07 Oct 2015 20:30:39 +0530 Wed, 07 Oct 2015 20:30:39 +0530 TaxTMI RSS Generator Tribunal Clears Assessee of Liability After Merchant Manufacturers Found Undervaluing Goods Without Assessee's Knowledge. https://www.taxtmi.com/highlights?id=25185 Valuation - Undervaluation of goods - It has come on record that the merchant manufacturers were disclosing lesser value. It has also come on record that this fact was not known to the assessee. - Tribunal has, therefore, rightly absolved the assessee of any liability - SC Highlights Central Excise Wed, 07 Oct 2015 20:30:39 +0530 https://www.taxtmi.com/highlights?id=25185