https://www.taxtmi.com/caselaws?id=270973 The Tribunal ruled in favor of the appellants regarding the valuation of goods for Central Excise duty, emphasizing the need for comparable prices from similarly placed buyers for correct valuation. The department's calculation of differential duty based on the highest sale price was deemed legally unsustainable. Additionally, the imposition of penalties equal to the duty difference demanded was found unjustifiable due to the appellants' proactive payment of the differential/additional duty before adjudication. The penalties were set aside, and the appeals were disposed of accordingly. en-us Tue, 06 Oct 2015 00:00:00 +0530 Fri, 18 Nov 2016 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270973 The Tribunal ruled in favor of the appellants regarding the valuation of goods for Central Excise duty, emphasizing the need for comparable prices from similarly placed buyers for correct valuation. The department's calculation of differential duty based on the highest sale price was deemed legally unsustainable. Additionally, the imposition of penalties equal to the duty difference demanded was found unjustifiable due to the appellants' proactive payment of the differential/additional duty before adjudication. The penalties were set aside, and the appeals were disposed of accordingly. Case-Laws Central Excise Tue, 06 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270973