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The case involved the determination of assessable value u/s 4 of Central Excise Act and Rule 6 of Valuation Rules. The issue was the inclusion of non-cash benefits as additional consideration. CESTAT held that demand on "Trade Margin" was not sustainable, following a precedent. Another bench set aside adverse inferences, noting the sensitivity of the product and PSU status. The impugned order was found meritless and set aside, allowing the appeal.
The case involved the determination of assessable value u/s 4 of Central Excise Act and Rule 6 of Valuation Rules. The issue was the inclusion of non-cash benefits as additional consideration. CESTAT held that demand on "Trade Margin" was not sustainable, following a precedent. Another bench set aside adverse inferences, noting the sensitivity of the product and PSU status. The impugned order was found meritless and set aside, allowing the appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
