Court Confirms Duty Demand on Price Variation Clause Under Central Excise; No Penalty Due to E-1 Return Disclosure.

Court Confirms Duty Demand on Price Variation Clause Under Central Excise; No Penalty Due to E-1 Return Disclosure. https://www.taxtmi.com/highlights?id=43998 Valuation - price variation clause - clearance of the finished products at the lower rate of duty but subsequently, cleared the goods at the higher rate of duty - Demand of duty confirmed, but no penalty since fact was declared in E-1 Return. en-us Mon, 21 Jan 2019 06:54:36 +0530 Mon, 21 Jan 2019 06:54:28 +0530 TaxTMI RSS Generator Court Confirms Duty Demand on Price Variation Clause Under Central Excise; No Penalty Due to E-1 Return Disclosure. https://www.taxtmi.com/highlights?id=43998 Valuation - price variation clause - clearance of the finished products at the lower rate of duty but subsequently, cleared the goods at the higher rate of duty - Demand of duty confirmed, but no penalty since fact was declared in E-1 Return. Highlights Central Excise Mon, 21 Jan 2019 06:54:36 +0530 https://www.taxtmi.com/highlights?id=43998