https://www.taxtmi.com/caselaws?id=266076 The Tribunal upheld the demand of duty along with interest but set aside the penalty imposed under Rule 25 (1) of the Valuation Rules. The appellant's argument regarding payment in accordance with an earlier Circular was dismissed, emphasizing the Revenue's right to demand duty within the normal limitation period. The Tribunal found no suppression of facts and concluded that the penalty could not be sustained due to the appellant's compliance with the earlier Circular, leading to a favorable outcome for the appellant with the penalty being set aside. en-us Thu, 10 Sep 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:22:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266076 The Tribunal upheld the demand of duty along with interest but set aside the penalty imposed under Rule 25 (1) of the Valuation Rules. The appellant's argument regarding payment in accordance with an earlier Circular was dismissed, emphasizing the Revenue's right to demand duty within the normal limitation period. The Tribunal found no suppression of facts and concluded that the penalty could not be sustained due to the appellant's compliance with the earlier Circular, leading to a favorable outcome for the appellant with the penalty being set aside. Case-Laws Central Excise Thu, 10 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266076