https://www.taxtmi.com/caselaws?id=336677 Commercial debit notes linked to inferior ABS sheets supplied separately could not, on the record, be treated as additional price for grindings, so the undervaluation demand was set aside. Additional customs duty discharged through debit under the DEPB mechanism was treated as eligible for Modvat credit where the bill of entry reflected such payment and no specific bar applied for the period, so credit denial was also set aside. On the alleged stock shortage, the verified shortage was accepted and the duty demand survived, but the penalties were removed. The matter thus resulted in duty surviving only to the extent attributable to proved shortage, with interest. en-us Tue, 03 May 2016 00:00:00 +0530 Mon, 26 Dec 2016 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336677 Commercial debit notes linked to inferior ABS sheets supplied separately could not, on the record, be treated as additional price for grindings, so the undervaluation demand was set aside. Additional customs duty discharged through debit under the DEPB mechanism was treated as eligible for Modvat credit where the bill of entry reflected such payment and no specific bar applied for the period, so credit denial was also set aside. On the alleged stock shortage, the verified shortage was accepted and the duty demand survived, but the penalties were removed. The matter thus resulted in duty surviving only to the extent attributable to proved shortage, with interest. Case-Laws Central Excise Tue, 03 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336677