Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2017 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (11) TMI 233 - AT - Central ExcisePenalty - suppression of facts - Held that: - the contentions raised by the Appellant that the Audit Party unearthed undervaluation of finished goods from their own records, cannot be considered as suppression of facts and intent to evade duty, is an incorrect propositions from the appellants, in as much on the issue regarding under-valuation, only the Appellant would know as to what is the correct value that needs to be applied for the discharge of excise liability. Having accepted the fact that during the relevant question, there was under valuation, the claim of the Appellants that equivalent penalty imposed is not in consonance with the law by the Appellant, is not sustainable - appeal dismissed - decided against appellant.
|