Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2015 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (1) TMI 450 - CESTAT NEW DELHIValuation of goods - Section 4 - impugned order held that such sales were to the related person and therefore the valuation has to be done as per the sale - Held that:- It is not that the assessee cleared goods clandestinely. The assessee have contended that they had a bonafide belief that they and M/s. DD Sales Corporation were not related. There is nothing in the Show Cause Notice which brings out wilfull misstatement/suppression. Instead of indulging in as idle parade of familiar authority in this regard, suffice to say that CESTAT itself in the inter partes proceedings for a different period on identical issue vide order dated 30.10.2009 set aside similar penalties and we have no reason to hold differently. - Matter remanded back - Decided in favour of assesse.
|