https://www.taxtmi.com/caselaws?id=353424 CAS-4 valuation could be applied to clearances made before the Board circular, because later judicial precedents supported extending those guidelines retrospectively and the assessee's earlier favourable order on the same issue had not been challenged by the department. The Tribunal therefore held that the benefit of CAS-4 could not be denied, but remanded the matter for fresh duty recomputation on the basis of CAS-4 and the Chartered Accountant's certificate. It also held that the penalty under Rule 173Q could not survive in view of the sustained valuation dispute and the bona fide controversy, and the penalty was set aside. en-us Mon, 18 Dec 2017 00:00:00 +0530 Fri, 16 Feb 2018 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353424 CAS-4 valuation could be applied to clearances made before the Board circular, because later judicial precedents supported extending those guidelines retrospectively and the assessee's earlier favourable order on the same issue had not been challenged by the department. The Tribunal therefore held that the benefit of CAS-4 could not be denied, but remanded the matter for fresh duty recomputation on the basis of CAS-4 and the Chartered Accountant's certificate. It also held that the penalty under Rule 173Q could not survive in view of the sustained valuation dispute and the bona fide controversy, and the penalty was set aside. Case-Laws Central Excise Mon, 18 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353424