https://www.taxtmi.com/caselaws?id=769268 Valuation of assorted leaf springs is under Section 4 of the Central Excise Act, 1944 where the goods are cleared loose and without packaging, because Section 4A applies only when retail sale price declaration is legally required and the goods are sold in packaged form. Demands for alleged clandestine removals and shortages also fail where they rest on assumptions, an unsound monthly comparison method, and an unreliable stock-verification process, since such evidence is insufficient to support interest and penalty. On the stated facts, the valuation under Section 4 was upheld and the allegations of clandestine removal, shortages, interest, and penalty were held unsustainable. en-us Mon, 25 Nov 2024 00:00:00 +0530 Mon, 21 Apr 2025 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769268 Valuation of assorted leaf springs is under Section 4 of the Central Excise Act, 1944 where the goods are cleared loose and without packaging, because Section 4A applies only when retail sale price declaration is legally required and the goods are sold in packaged form. Demands for alleged clandestine removals and shortages also fail where they rest on assumptions, an unsound monthly comparison method, and an unreliable stock-verification process, since such evidence is insufficient to support interest and penalty. On the stated facts, the valuation under Section 4 was upheld and the allegations of clandestine removal, shortages, interest, and penalty were held unsustainable. Case-Laws Central Excise Mon, 25 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769268