https://www.taxtmi.com/caselaws?id=90679 The case involved the valuation of goods cleared by Export Oriented Units (EOU) to the Domestic Tariff Area (DTA). The appellants contended that the invoice price should be accepted as the transaction value, citing a Board Circular and comparable prices charged by competitors. The court emphasized the relevance of the Board's criteria for assessment and remanded the appeals for re-determining the assessable value in alignment with the circular. The penalty imposed on the appellants was deemed unjustified as the original clearances were based on documents provided by the appellants, leading to the conclusion that penalties were unnecessary. en-us Sat, 14 Nov 1998 00:00:00 +0530 Mon, 10 Oct 2011 17:11:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90679 The case involved the valuation of goods cleared by Export Oriented Units (EOU) to the Domestic Tariff Area (DTA). The appellants contended that the invoice price should be accepted as the transaction value, citing a Board Circular and comparable prices charged by competitors. The court emphasized the relevance of the Board's criteria for assessment and remanded the appeals for re-determining the assessable value in alignment with the circular. The penalty imposed on the appellants was deemed unjustified as the original clearances were based on documents provided by the appellants, leading to the conclusion that penalties were unnecessary. Case-Laws Central Excise Sat, 14 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90679