https://www.taxtmi.com/caselaws?id=334488 Undervaluation could not be sustained where a conversion agent cleared bearing rings at the sale price already adopted by the principal buyer for onward supply, and that price was found to include the relevant manufacture and clearance costs. The Tribunal held that alleged additional consideration such as scrap value, godown rent, space hire and testing charges could not be re-added to the assessable value on the same facts. As the differential duty demand failed, the connected penalties also could not survive, and the appeals succeeded with consequential relief. en-us Wed, 19 Oct 2016 00:00:00 +0530 Sat, 26 Nov 2016 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334488 Undervaluation could not be sustained where a conversion agent cleared bearing rings at the sale price already adopted by the principal buyer for onward supply, and that price was found to include the relevant manufacture and clearance costs. The Tribunal held that alleged additional consideration such as scrap value, godown rent, space hire and testing charges could not be re-added to the assessable value on the same facts. As the differential duty demand failed, the connected penalties also could not survive, and the appeals succeeded with consequential relief. Case-Laws Central Excise Wed, 19 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334488