Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2017 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (5) TMI 866 - AT - Central ExciseValuation - provisional assessment not done - appellant should have opted for provisional assessment, however, they have instead valued on ad-hoc by paying maximum of duty on estimated value and they paying differential duty after finalization of valuation - Held that: - there was no intention to suppress anything from the Revenue as they have paid the duty and the entire method was known to the Revenue - this method of valuation by the appellant was in full knowledge of the Revenue and there was regular correspondence on this issue - penalty u/s 11AC cannot be imposed - demand of duty upheld - appeal allowed - decided partly in favor of assessee.
|