https://www.taxtmi.com/caselaws?id=79037 Where excisable goods are not sold at the factory gate and are transferred to a depot for subsequent sale, valuation is determined under Rule 7 of the Central Excise Valuation Rules, 2001 on the normal transaction value at the depot. On that basis, warehousing charges collected as part of the depot sale price are includible in the assessable value for central excise duty, and the duty demand is sustained. The Tribunal also noted that, on the facts, penal action was not justified, so the penalty was set aside despite the valuation addition. en-us Wed, 10 Feb 2010 00:00:00 +0530 Fri, 31 Dec 2010 16:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=79037 Where excisable goods are not sold at the factory gate and are transferred to a depot for subsequent sale, valuation is determined under Rule 7 of the Central Excise Valuation Rules, 2001 on the normal transaction value at the depot. On that basis, warehousing charges collected as part of the depot sale price are includible in the assessable value for central excise duty, and the duty demand is sustained. The Tribunal also noted that, on the facts, penal action was not justified, so the penalty was set aside despite the valuation addition. Case-Laws Central Excise Wed, 10 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=79037