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2015 (10) TMI 1030 - CESTAT AHMEDABADDuty demand - extended period of limitation - Misdeclaration of value - Intention to evade duty - Held that:- Appellants informed the Dept of the revision of the price time to time by various letters. Learned Authorised Representative for the Revenue drew the attention of the Bench to the findings of the Adjudicating Authority. It is observed that there is no consistency in the methods of valuation as claimed by the respondent. The Adjudicating Authority had elaborately discussed the inconsistency of the valuation methods. In our considered view, the inconsistency of the valuation methods cannot be treated as suppression of fact with intent to evade payment of duty. In other words, it is noticed that the appellant informed the Department time to time of variation of price and the Department was well aware of the method of price as declared by the respondent. Thus, there is no suppression of fact with the intent to evade payment of duty. - Decided against Revenue.
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