2017 (3) TMI 717

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....ent Per: Ramesh Nair The fact of the case is that the appellants have been clearing their goods which were manufactured on job work basis on the value under cost construction method. However, there were certain elements which left to include in the value such as cost of processing logs, cost of transportation. Accordingly, department contended they were undervalued. On the basis of surprise ....

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....appearing on behalf of the revenue reiterated the findings of the impugned order. 3. We have carefully considered the submission made by both sides. We find that the present appeal is only seeking waiver of penalty imposed under Section 11AC on the ground that immediately after pointing out by the department the appellant have admittedly paid the excise duty along with interest and informed to ....