https://www.taxtmi.com/caselaws?id=339906 Undervaluation demands under the Central Excise regime could not be sustained where the filed price lists had not been finally determined through the statutory assessment process. Duty liability also could not be inferred merely from gas consumption norms, because such a method was only presumptive and lacked independent evidence of clandestine manufacture, raw material procurement, transport, or sale. Once the substantive duty demands failed, the consequential penalties likewise had no independent basis and could not survive. en-us Tue, 04 Oct 2016 00:00:00 +0530 Thu, 09 Mar 2017 08:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339906 Undervaluation demands under the Central Excise regime could not be sustained where the filed price lists had not been finally determined through the statutory assessment process. Duty liability also could not be inferred merely from gas consumption norms, because such a method was only presumptive and lacked independent evidence of clandestine manufacture, raw material procurement, transport, or sale. Once the substantive duty demands failed, the consequential penalties likewise had no independent basis and could not survive. Case-Laws Central Excise Tue, 04 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339906