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2016 (5) TMI 506 - SC - Central ExciseImposition of penalty - Determination of cost of compressor and assessable value - Tribunal [2006 (7) TMI 665 - CESTAT NEW DELHI] held that appellant had kept the Department in the dark of the true value of their products-both excisable and exempted and the items in question did not reflect their actual value is, therefore, acceptable in toto. Therefore, the penalty is imposable - Apex court has set aside the impugned order remanded back to the Commissioner/Adjudicating Authority to decide the matter afresh in view of earlier decision in ‘CCE v. Frick India Ltd.’ as reported in [2007 (9) TMI 6 - SUPREME COURT OF INDIA]
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