https://www.taxtmi.com/caselaws?id=2221 The tribunal allowed the appeals in a case involving allegations of circular transactions for duty evasion through under-valuation of goods. The appellants successfully argued that the transactions did not involve under-valuation as the prices were consistent with sales to other parties. They also highlighted that most goods were sold to unrelated parties and that the duty exemption on certain goods further undermined the evasion claim. The tribunal concluded that the allegations of under-valuation and circular transactions for duty evasion were unfounded, granting relief to the appellants. en-us Thu, 05 Jul 2007 00:00:00 +0530 Tue, 15 Apr 2008 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2221 The tribunal allowed the appeals in a case involving allegations of circular transactions for duty evasion through under-valuation of goods. The appellants successfully argued that the transactions did not involve under-valuation as the prices were consistent with sales to other parties. They also highlighted that most goods were sold to unrelated parties and that the duty exemption on certain goods further undermined the evasion claim. The tribunal concluded that the allegations of under-valuation and circular transactions for duty evasion were unfounded, granting relief to the appellants. Case-Laws Central Excise Thu, 05 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2221