https://www.taxtmi.com/caselaws?id=380615 The Tribunal determined that the correct assessable value for excise duty calculation should be based on the price indicated in the delivery challans rather than the lower price declared by a party. It upheld the recovery of the underpaid excise duty and interest but set aside penalties due to a potential misunderstanding of duty liability. The appeals were disposed of accordingly. en-us Tue, 09 Apr 2019 00:00:00 +0530 Sat, 25 May 2019 09:53:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380615 The Tribunal determined that the correct assessable value for excise duty calculation should be based on the price indicated in the delivery challans rather than the lower price declared by a party. It upheld the recovery of the underpaid excise duty and interest but set aside penalties due to a potential misunderstanding of duty liability. The appeals were disposed of accordingly. Case-Laws Central Excise Tue, 09 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380615