https://www.taxtmi.com/caselaws?id=332574 The tribunal upheld the duty liability and interest but set aside the penalty imposed on the appellant in a case concerning the valuation of goods for duty liability and penalty imposition. The appellant's calculation method for assessable value was disputed, leading to the issuance of a show cause notice. The tribunal found that the appellant had voluntarily paid the differential duty and interest, and no show cause notice should have been issued. Consequently, the tribunal ruled in favor of the appellant, affirming duty liability and interest while overturning the penalty. en-us Thu, 18 Aug 2016 00:00:00 +0530 Tue, 20 Sep 2016 10:07:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332574 The tribunal upheld the duty liability and interest but set aside the penalty imposed on the appellant in a case concerning the valuation of goods for duty liability and penalty imposition. The appellant's calculation method for assessable value was disputed, leading to the issuance of a show cause notice. The tribunal found that the appellant had voluntarily paid the differential duty and interest, and no show cause notice should have been issued. Consequently, the tribunal ruled in favor of the appellant, affirming duty liability and interest while overturning the penalty. Case-Laws Central Excise Thu, 18 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332574