https://www.taxtmi.com/caselaws?id=30873 The court allowed the Revision Application, setting aside the order by the Government of Gujarat demanding differential duty based on audit objections for alleged under valuation of goods. The court held that the duty demand lacked proper justification and reasoned order, emphasizing the need for evidence of deliberate suppression or extra consideration to allege under valuation. The court also noted that changes in valuation methods post-2000 were irrelevant to the case and stressed the acceptance of declared prices when no flow back of money was observed, supported by legal precedents. The court did not address the limitation period issue as relief was granted on the lack of justification for the duty demand. en-us Tue, 03 Jun 2008 00:00:00 +0530 Wed, 01 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30873 The court allowed the Revision Application, setting aside the order by the Government of Gujarat demanding differential duty based on audit objections for alleged under valuation of goods. The court held that the duty demand lacked proper justification and reasoned order, emphasizing the need for evidence of deliberate suppression or extra consideration to allege under valuation. The court also noted that changes in valuation methods post-2000 were irrelevant to the case and stressed the acceptance of declared prices when no flow back of money was observed, supported by legal precedents. The court did not address the limitation period issue as relief was granted on the lack of justification for the duty demand. Case-Laws Central Excise Tue, 03 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30873