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2015 (12) TMI 740 - SC - Central ExciseValuation - Contravention of the provisions of Section 4 of the Central Excise Act read with Rule 4 & 5 of the Central Excise Rules - Contravention of Rule 6 of the Central Excise (Determination of price of Excisable Goods) Rules, 2000 - Failure to declare the correct price of its manufactured goods - Failure to correctly assess/determine the central excise duty payable on the goods manufactured - Held that:- the assessee has no objection if the price at which the goods were sold by the alleged related persons is made the basis of arriving at the valuation for each month separately, which is covered by the show cause notices. - Benefit of deduction on the ground of excise duty, sale tax, freight and transit insurance should be given. Since these deductions are permissible under the provisions of the Act it hardly requires to mention that the Commissioner shall allow the same once satisfactory proof of incurring these expenses is furnished by the assessee. The assessee shall be permitted to file the required computation as well as documents in support its case. - Decided in favour of Revenue.
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