https://www.taxtmi.com/caselaws?id=366749 The Appellate Tribunal CESTAT New Delhi upheld the appellants' entitlement to the Small Scale Industry (SSI) exemption and resolved the valuation dispute in their favor. The denial of SSI exemption was deemed unsustainable as the brand name was registered in the appellants' name from May 2005 onwards, acquired as a business asset from a previous corporation. The valuation dispute favored the appellants, rejecting the comparison of their product to renowned brands like Philips and emphasizing the unique market position of "BESTON." The impugned order was set aside, and the penalty on the appellant's Director was revoked. en-us Thu, 12 Jul 2018 00:00:00 +0530 Tue, 11 Sep 2018 08:09:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366749 The Appellate Tribunal CESTAT New Delhi upheld the appellants' entitlement to the Small Scale Industry (SSI) exemption and resolved the valuation dispute in their favor. The denial of SSI exemption was deemed unsustainable as the brand name was registered in the appellants' name from May 2005 onwards, acquired as a business asset from a previous corporation. The valuation dispute favored the appellants, rejecting the comparison of their product to renowned brands like Philips and emphasizing the unique market position of "BESTON." The impugned order was set aside, and the penalty on the appellant's Director was revoked. Case-Laws Central Excise Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366749