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2017 (9) TMI 1549 - AT - Central ExciseValuation - advance intermediary licence - includibility of additional consideration - interest - penalty u/s 11AC - Held that: - the issue is no more res integra in view of the decision in the case of RELIANCE INDUSTRIES LTD. Versus COMMISSIONER OF C. EX. & CUS., RAJKOT [2008 (4) TMI 443 - CESTAT, AHMEDABAD], where it was held that the claim that the appellant was having a bona fide belief that the additional discounts are permissible has to be accepted and demand of duty has to be confined to duty within the normal period of limitation. No penalty will be justified - penalty set aside. Demand of interest prior to 11.05.2001 - Held that: - the Tribunal has set aside the demand of interest for the period prior to 11.05.2001 in the case of AIA Engineering Pvt.Ltd. v. CCE, Ahmedabad-II [2014 (9) TMI 1033 - CESTAT AHMEDABAD] - interest set aside. Appeal allowed - decided in favor of appellant.
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