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of <h1>Supreme Court Dismisses Department's Appeal on SKO, LPG Valuation; CBEC to Contest Similar Cases in Supreme Court.</h1> The circular addresses the valuation of SKO (PDS), LPG, and other goods under the Transaction Value System from July 1, 2000, following a Supreme Court decision. The Court dismissed the department's appeal, referencing a previous CBEC circular. The Board decided to contest similar cases in the Supreme Court and instructed field formations to transfer pending cases to the call book and file appeals against adjudicated orders. Commissioners are to brief Departmental Representatives on the distinction between the old and new Section 4 of the Act. The circular also references the Grasim Industries case, which raises questions about the transaction value concept under the new Section 4.
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