https://www.taxtmi.com/caselaws?id=358358 Undervaluation of cylinder blocks and CNC machines justified confirmation of differential central excise duty, and the established under-valuation supported invocation of the extended period. A corrigendum limited to arithmetical and accounting corrections was valid because it did not alter the merits of the adjudication order or enhance liability without notice. Penalty on the recipient company could not be sustained under Rules 25 and 26 because the record did not show knowledge of, or participation in, the alleged evasion; the company had issued valuation instructions consistent with a bona fide belief that duty was correctly discharged. en-us Tue, 30 Jan 2018 00:00:00 +0530 Sat, 15 Jun 2019 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358358 Undervaluation of cylinder blocks and CNC machines justified confirmation of differential central excise duty, and the established under-valuation supported invocation of the extended period. A corrigendum limited to arithmetical and accounting corrections was valid because it did not alter the merits of the adjudication order or enhance liability without notice. Penalty on the recipient company could not be sustained under Rules 25 and 26 because the record did not show knowledge of, or participation in, the alleged evasion; the company had issued valuation instructions consistent with a bona fide belief that duty was correctly discharged. Case-Laws Central Excise Tue, 30 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358358