https://www.taxtmi.com/caselaws?id=370272 The Tribunal set aside the demand notices for alleged undervaluation of work-in-progress goods at the time of sale, citing lack of evidence of excess amounts received beyond declared transaction value. The rejection of transaction value without providing an alternate valuation method was deemed unsustainable in law. The Tribunal also nullified the application of the extended period of limitation for demanding the alleged differential duty, emphasizing the necessity of justifying valuation rejections and providing legal basis for differential duty demands. The appeals were allowed, emphasizing the importance of proper valuation methods and legal justification in excise matters. en-us Thu, 04 Oct 2018 00:00:00 +0530 Thu, 15 Nov 2018 07:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370272 The Tribunal set aside the demand notices for alleged undervaluation of work-in-progress goods at the time of sale, citing lack of evidence of excess amounts received beyond declared transaction value. The rejection of transaction value without providing an alternate valuation method was deemed unsustainable in law. The Tribunal also nullified the application of the extended period of limitation for demanding the alleged differential duty, emphasizing the necessity of justifying valuation rejections and providing legal basis for differential duty demands. The appeals were allowed, emphasizing the importance of proper valuation methods and legal justification in excise matters. Case-Laws Central Excise Thu, 04 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370272