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HomeIndirect TaxesCESTAT Upholds Penalty On Philips Electronics In Excise Undervaluation Case

CESTAT Upholds Penalty On Philips Electronics In Excise Undervaluation Case

Indirect Taxes

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By Mariya Paliwala
CESTAT Upholds Penalty On Philips Electronics In Excise Undervaluation Case

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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 undervaluation dispute involving alleged related-party transactions with contract manufacturer.  The Bench of Angad Prasad (Member Judicial) dismissed the appeal…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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