https://www.taxtmi.com/caselaws?id=805 The tribunal rejected the appellants' arguments regarding the assessment of sales value for excise duty, inclusion of royalty in assessable value, related party transactions, time-barred demand, and imposition of interest and penalty under Sections 11AB & 11AC. The tribunal found that there was sufficient evidence to show that price was not the sole consideration of sale, leading to the rejection of the appellants' contentions. Ultimately, the tribunal partly allowed the appeal, reducing the penalty and setting aside the confiscation of assets. en-us Wed, 19 Jul 2006 00:00:00 +0530 Sun, 13 Apr 2008 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=805 The tribunal rejected the appellants' arguments regarding the assessment of sales value for excise duty, inclusion of royalty in assessable value, related party transactions, time-barred demand, and imposition of interest and penalty under Sections 11AB & 11AC. The tribunal found that there was sufficient evidence to show that price was not the sole consideration of sale, leading to the rejection of the appellants' contentions. Ultimately, the tribunal partly allowed the appeal, reducing the penalty and setting aside the confiscation of assets. Case-Laws Central Excise Wed, 19 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=805