Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2015 (10) TMI 446 - SUPREME COURT

2015 (10) TMI 446 - SUPREME COURT - 2015 (324) E.L.T. 13 (SC) - Valuation - Undervaluation of goods - Invocation of extended period of limitation - Held that:- It has come on record that the merchant manufacturers were disclosing lesser value. It has also come on record that this fact was not known to the assessee. Therefore, the assessee could not be made responsible for the aforesaid - Customs, Excise and Service Tax Appellate Tribunal has, therefore, rightly absolved the assessee of any liabi .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

to the respondent-assessee herein on 02.07.1999, invoking extended period of limitation and demanding differential duty of ₹ 11,53,136/-. It was alleged therein that for the Grey fabric used by the assessee for the manufacture of its products, less value of the said fabric was quoted. The defence of the assessee was that the aforesaid Grey fabric is supplied by different merchant manufacturers to the assessee and the price shown in the invoice was taken into consideration while disclosing .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version