https://www.taxtmi.com/caselaws?id=796137 Central excise duty cannot be demanded by comparing the Sanchor unit's ER-1 assessable value with sales in consolidated financial statements that also include the Mumbai unit. The reconciliation showed inter-unit consignment transactions and established that the Sanchor unit's ER-1 reported sales exceeded the sales reflected in the financial statements. No unreconciled difference in assessable value therefore remained. The alleged short reporting in the ER-1 return could not sustain the duty demand, and no consequential penalty was imposable. en-us Tue, 21 Jul 2026 00:00:00 +0530 Sat, 01 Aug 2026 08:34:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796137 Central excise duty cannot be demanded by comparing the Sanchor unit's ER-1 assessable value with sales in consolidated financial statements that also include the Mumbai unit. The reconciliation showed inter-unit consignment transactions and established that the Sanchor unit's ER-1 reported sales exceeded the sales reflected in the financial statements. No unreconciled difference in assessable value therefore remained. The alleged short reporting in the ER-1 return could not sustain the duty demand, and no consequential penalty was imposable. Case-Laws Central Excise Tue, 21 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796137