2021 (9) TMI 1338

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....ingh, learned counsel for the Revenue Service is deemed sufficient. None has appeared on behalf of the Assessee. Accordingly, the matter has been heard. Present appeal has been filed by the Revenue under Section 35G of Central Excise Act, 1944 against the order dated 16.07.2018 passed in Appeal No. C/70393-70394 & 70454/2016- CU [DB] by the Custom Excise and Service Tax Appellate Tribunal....

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....iscrepancy was explained by the assessee on the basis of urgent clearance in the earlier transaction. Undisputedly, other than the mere discrepancy noted by Revenue Authority, there does not exit any material as may warrant rejection of valuation of goods. Merely because there exists an alert circular and enabling power under Rule 12 of the Valuation Rules as may allow the Revenue Authority to ....