LPG valuation: bulk removals destined for bottling to be taxed at the administered packed-LPG price, subject to refund conditions. The Government accepted the Tribunal's approach that LPG cleared in bulk for subsequent bottling for domestic supply be valued at the lower OCC price fixed for packed domestic LPG in the context of the administered price regime. This acceptance applies to all similar disputes, subject to refunds being allowed without interest and the principle against unjust enrichment, and requires oil companies to pay differential duty where LPG was cleared at packed prices but sold in bulk.
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LPG valuation: bulk removals destined for bottling to be taxed at the administered packed-LPG price, subject to refund conditions.
The Government accepted the Tribunal's approach that LPG cleared in bulk for subsequent bottling for domestic supply be valued at the lower OCC price fixed for packed domestic LPG in the context of the administered price regime. This acceptance applies to all similar disputes, subject to refunds being allowed without interest and the principle against unjust enrichment, and requires oil companies to pay differential duty where LPG was cleared at packed prices but sold in bulk.
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