Tag: excise valuation rules

CESTAT upheld penalty on Philips Electronics in central excise undervaluation dispute under Rule 26.

Team Law Notify Commissions, Forums & Tribunals May 15, 2026

CESTAT _ Customs, Excise and Service Tax Appellate Tribunal _ LawNotify

May 14, 2026 : The Hyderabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has upheld the penalty imposed on Philips Electronics India Ltd under Rule 26 of the Central Excise Rules, 2002, in a long-running excise Read more…

CESTAT sets aside excise duty demand on RR Ispat, holding inter-unit transfers after amalgamation are not sales.

Team Law Notify Commissions, Forums & Tribunals May 14, 2026

May 13, 2026 : The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has set aside a central excise duty demand of over Rs. 14.85 lakh imposed on M/s R R Ispat, a unit of Godawari Power and Read more…