https://www.taxtmi.com/caselaws?id=352061 The Tribunal partially upheld the demands of duty evasion against M/s Vidyut Metallics Pvt. Ltd., remanding the case for reworking demands and penalties while keeping the valuation issue open. Allegations of unaccounted production and evasion were established based on discrepancies in production records. The Tribunal directed a reworking of demands to rectify overlapping periods and emphasized the necessity of accurate quantification. Despite arguments for revenue neutrality, the Tribunal upheld charges due to production discrepancies. All appeals were remanded for fair determination of duty and penalties, stressing cooperation in providing necessary documents for assessment. en-us Thu, 30 Nov 2017 00:00:00 +0530 Thu, 07 Dec 2017 08:01:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352061 The Tribunal partially upheld the demands of duty evasion against M/s Vidyut Metallics Pvt. Ltd., remanding the case for reworking demands and penalties while keeping the valuation issue open. Allegations of unaccounted production and evasion were established based on discrepancies in production records. The Tribunal directed a reworking of demands to rectify overlapping periods and emphasized the necessity of accurate quantification. Despite arguments for revenue neutrality, the Tribunal upheld charges due to production discrepancies. All appeals were remanded for fair determination of duty and penalties, stressing cooperation in providing necessary documents for assessment. Case-Laws Central Excise Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352061