https://www.taxtmi.com/caselaws?id=754713 CESTAT Kolkata allowed the appeal, holding that the transaction value declared by the appellant for goods cleared to a related entity was valid for central excise duty purposes. The tribunal found no undervaluation as the appellant paid higher duty through value addition and was eligible for refund under Notification 20/2007-CE, resulting in no revenue loss. The extended limitation period was deemed inapplicable since the appellant regularly filed returns and disclosed all information, with no suppression of facts. The demand, interest, and penalty were set aside as unsustainable. en-us Thu, 27 Jun 2024 00:00:00 +0530 Sat, 29 Jun 2024 08:08:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754713 CESTAT Kolkata allowed the appeal, holding that the transaction value declared by the appellant for goods cleared to a related entity was valid for central excise duty purposes. The tribunal found no undervaluation as the appellant paid higher duty through value addition and was eligible for refund under Notification 20/2007-CE, resulting in no revenue loss. The extended limitation period was deemed inapplicable since the appellant regularly filed returns and disclosed all information, with no suppression of facts. The demand, interest, and penalty were set aside as unsustainable. Case-Laws Central Excise Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754713