https://www.taxtmi.com/caselaws?id=362863 The Tribunal upheld the Commissioner's findings in the case involving M/s. Elingical Foods and Beverages (P) Limited, confirming the duty demand of Rs. 78,05,867/-. The penalties were revised, reducing the penalty on the main appellant and setting aside penalties on other directors. The Tribunal emphasized the interdependence and mutuality of interest among the entities, justifying the rejection of the transaction value and penalties imposed. en-us Tue, 03 Jul 2018 00:00:00 +0530 Wed, 04 Jul 2018 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362863 The Tribunal upheld the Commissioner's findings in the case involving M/s. Elingical Foods and Beverages (P) Limited, confirming the duty demand of Rs. 78,05,867/-. The penalties were revised, reducing the penalty on the main appellant and setting aside penalties on other directors. The Tribunal emphasized the interdependence and mutuality of interest among the entities, justifying the rejection of the transaction value and penalties imposed. Case-Laws Central Excise Tue, 03 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362863