https://www.taxtmi.com/caselaws?id=380227 The Tribunal determined that the correct transaction value for the supply of PVC pipes was Rs. 122 per meter, not the initial price of Rs. 52 per meter. It found that the supply to dealers was not a true transaction, as the pipes were directly supplied to the Jharkhand Government as per a rate contract. The Tribunal upheld the extended period of limitation and penalty, as the respondents had knowledge of the true value but suppressed it from the excise authorities. The impugned order was set aside, confirming the demand for duty based on the higher transaction value, and the penalty and interest were upheld. en-us Mon, 13 May 2019 00:00:00 +0530 Wed, 15 May 2019 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380227 The Tribunal determined that the correct transaction value for the supply of PVC pipes was Rs. 122 per meter, not the initial price of Rs. 52 per meter. It found that the supply to dealers was not a true transaction, as the pipes were directly supplied to the Jharkhand Government as per a rate contract. The Tribunal upheld the extended period of limitation and penalty, as the respondents had knowledge of the true value but suppressed it from the excise authorities. The impugned order was set aside, confirming the demand for duty based on the higher transaction value, and the penalty and interest were upheld. Case-Laws Central Excise Mon, 13 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380227