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of <h1>Supreme Court to Review Tribunal's Interpretation of 'Place of Removal' u/s 4, Central Excise Act, 1944.</h1> The circular discusses a decision by the Customs, Excise & Gold (Control) Appellate Tribunal regarding the interpretation of 'place of removal' under Section 4 of the Central Excise Act, 1944, favoring revenue. It highlights that goods insured by a company until reaching the buyer imply the sale occurs at the buyer's premises, affecting duty assessment. The Tribunal's interpretation of Section 11AC, suggesting penalties equal to the duty are not mandatory, is contested by the Department, leading to a Supreme Court appeal. The Tribunal reduced the penalty to Rs. 10 lakhs and set aside a duty of Rs. 98,219.
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