https://www.taxtmi.com/caselaws?id=329749 The Tribunal ruled in favor of the main appellant, setting aside the demands and penalties imposed for alleged undervaluation of processed fabrics. The Tribunal found that the main appellant acted in good faith by declaring prices based on information received from merchant manufacturers, absolving them of responsibility for the manufacturers' actions. Emphasizing the lack of evidence presented by the Revenue, the Tribunal concluded that the demands for Central Excise duty were unsustainable. Consequently, the appeals were allowed with no penalties imposed on the appellants, providing them with consequential relief as per the law. en-us Fri, 13 May 2016 00:00:00 +0530 Sat, 24 Dec 2016 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329749 The Tribunal ruled in favor of the main appellant, setting aside the demands and penalties imposed for alleged undervaluation of processed fabrics. The Tribunal found that the main appellant acted in good faith by declaring prices based on information received from merchant manufacturers, absolving them of responsibility for the manufacturers' actions. Emphasizing the lack of evidence presented by the Revenue, the Tribunal concluded that the demands for Central Excise duty were unsustainable. Consequently, the appeals were allowed with no penalties imposed on the appellants, providing them with consequential relief as per the law. Case-Laws Central Excise Fri, 13 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329749