https://www.taxtmi.com/caselaws?id=289134 The Tribunal set aside the duty demand of Rs. 128,84,03,023 against the appellant under the Central Excise Act, along with interest and penalty. The appellant, engaged in manufacturing iron and steel products, successfully argued against allegations of short payment of central excise duty by demonstrating correct valuation of goods transferred for captive consumption. The Tribunal found no undervaluation, dismissed the duty demands, and penalties, ultimately ruling in favor of the appellant. en-us Mon, 23 Sep 2019 00:00:00 +0530 Wed, 15 Jul 2020 22:52:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289134 The Tribunal set aside the duty demand of Rs. 128,84,03,023 against the appellant under the Central Excise Act, along with interest and penalty. The appellant, engaged in manufacturing iron and steel products, successfully argued against allegations of short payment of central excise duty by demonstrating correct valuation of goods transferred for captive consumption. The Tribunal found no undervaluation, dismissed the duty demands, and penalties, ultimately ruling in favor of the appellant. Case-Laws Central Excise Mon, 23 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289134