https://www.taxtmi.com/caselaws?id=352977 The Appellate Tribunal CESTAT MUMBAI addressed the valuation of excisable goods for excise duty payment. The case involved goods cleared to a related unit at a lower valuation, leading to a demand for short levy of excise duty and penalty imposition. The Tribunal upheld the adjudication order, emphasizing the valuation based on comparable goods sold to independent buyers. The Tribunal dismissed both appeals, highlighting the importance of following specific valuation rules and principles, maintaining consistency with previous orders, and upholding Tribunal directions in remanding matters for adjudication. The decision clarified excisable goods valuation and application of legal precedents in determining excise duty liabilities. en-us Tue, 28 Nov 2017 00:00:00 +0530 Tue, 26 Dec 2017 08:40:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352977 The Appellate Tribunal CESTAT MUMBAI addressed the valuation of excisable goods for excise duty payment. The case involved goods cleared to a related unit at a lower valuation, leading to a demand for short levy of excise duty and penalty imposition. The Tribunal upheld the adjudication order, emphasizing the valuation based on comparable goods sold to independent buyers. The Tribunal dismissed both appeals, highlighting the importance of following specific valuation rules and principles, maintaining consistency with previous orders, and upholding Tribunal directions in remanding matters for adjudication. The decision clarified excisable goods valuation and application of legal precedents in determining excise duty liabilities. Case-Laws Central Excise Tue, 28 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352977