https://www.taxtmi.com/caselaws?id=340051 The Tribunal dismissed all appeals, upholding demands for differential duty and penalties against M/s. Goyal Ispat Ltd. The non-inclusion of actual and transportation costs of raw materials, unaccounted clearances of goods, and the limitation period for issuing the show cause notice were all decided against the appellants. Penalties under Rule 26 were upheld for the Director and Excise Manager of GIL, with the Tribunal finding intentional undervaluation and clandestine removal of goods, justifying penalties and extended limitation period. en-us Tue, 07 Mar 2017 00:00:00 +0530 Wed, 03 Jan 2018 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340051 The Tribunal dismissed all appeals, upholding demands for differential duty and penalties against M/s. Goyal Ispat Ltd. The non-inclusion of actual and transportation costs of raw materials, unaccounted clearances of goods, and the limitation period for issuing the show cause notice were all decided against the appellants. Penalties under Rule 26 were upheld for the Director and Excise Manager of GIL, with the Tribunal finding intentional undervaluation and clandestine removal of goods, justifying penalties and extended limitation period. Case-Laws Central Excise Tue, 07 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340051