https://www.taxtmi.com/caselaws?id=353985 The appeal was partly allowed. The Tribunal upheld the demand for the payment of the differential duty based on Rule 4 of the Central Excise Valuation Rules, 2000. However, the equal penalty imposed under Section 11AC of the Central Excise Act was set aside due to the appellants' genuine belief and lack of intent to evade duty. en-us Fri, 12 Jan 2018 00:00:00 +0530 Wed, 04 Mar 2020 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353985 The appeal was partly allowed. The Tribunal upheld the demand for the payment of the differential duty based on Rule 4 of the Central Excise Valuation Rules, 2000. However, the equal penalty imposed under Section 11AC of the Central Excise Act was set aside due to the appellants' genuine belief and lack of intent to evade duty. Case-Laws Central Excise Fri, 12 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353985