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2011 (4) TMI 854 - CESTAT, CHENNAIMisdeclaration of the value - appellants manufactures cotton yarn, stock transferred yarn to their consignment agents by adopting lesser price by misdeclaration of the value in the declaration filed under Rule 173C of the Central Excise Rules, 1944 - extended period invoked - Held that:- The Commissioner (Appeals) has held that the information regarding adoption of correct prevailing value by the consignment agents was not revealed to the department and this was done with intention to evade payment of duty - Hence the extended period of limitation is available to the department and as a consequence interest liability arises and the assessees are also liable to penalty - Decided against the assessee.
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