https://www.taxtmi.com/caselaws?id=286654 The Commission confirmed the duty liability at Rs. 16,05,691/- and interest at Rs. 13,15,449/- for undervaluation of excisable goods. The applicant's incorrect adoption of assessable value was adjusted against the differential Central Excise duty demand. Failure to reverse Cenvat credit resulted in a settled Service Tax liability. Penalties of Rs. 50,000/- on the applicant and Rs. 10,000/- each on co-applicants were imposed, with partial immunity granted upon timely payment. Cooperation and truthful disclosure were emphasized for further immunities. en-us Thu, 27 Sep 2018 00:00:00 +0530 Mon, 09 Mar 2020 07:41:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286654 The Commission confirmed the duty liability at Rs. 16,05,691/- and interest at Rs. 13,15,449/- for undervaluation of excisable goods. The applicant's incorrect adoption of assessable value was adjusted against the differential Central Excise duty demand. Failure to reverse Cenvat credit resulted in a settled Service Tax liability. Penalties of Rs. 50,000/- on the applicant and Rs. 10,000/- each on co-applicants were imposed, with partial immunity granted upon timely payment. Cooperation and truthful disclosure were emphasized for further immunities. Case-Laws Central Excise Thu, 27 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286654