https://www.taxtmi.com/caselaws?id=753515 The Tribunal upheld the demand related to the valuation of electric motors under the Central Excise (Valuation) Rules, 2000, aligning with the Larger Bench's decision. However, it recognized the appellant's arguments concerning the limitation period, suppression of facts, and cum-duty benefit. Consequently, demands were upheld only for the normal period, and the penalty under Section 11AC was set aside. The matter was remanded to the original authority for re-computation of duty, considering these observations. The impugned order was modified, and the appeals were disposed of accordingly. en-us Tue, 02 Jan 2024 00:00:00 +0530 Wed, 05 Jun 2024 08:13:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753515 The Tribunal upheld the demand related to the valuation of electric motors under the Central Excise (Valuation) Rules, 2000, aligning with the Larger Bench's decision. However, it recognized the appellant's arguments concerning the limitation period, suppression of facts, and cum-duty benefit. Consequently, demands were upheld only for the normal period, and the penalty under Section 11AC was set aside. The matter was remanded to the original authority for re-computation of duty, considering these observations. The impugned order was modified, and the appeals were disposed of accordingly. Case-Laws Central Excise Tue, 02 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753515