https://www.taxtmi.com/caselaws?id=94024 Duty on excisable goods remained payable with reference to the price prevailing at the depot at the time of removal from the factory. The 1996 amendment to Section 4, which treated depots as places of removal from 28 September 1996, did not change that principle or permit reassessment on the basis of a later lower depot sale price. A subsequent resale at a lower price therefore could not support a refund claim. The refund application was not maintainable, and rejection of the refund claims was upheld. en-us Mon, 28 Aug 2000 00:00:00 +0530 Fri, 18 Nov 2011 15:11:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94024 Duty on excisable goods remained payable with reference to the price prevailing at the depot at the time of removal from the factory. The 1996 amendment to Section 4, which treated depots as places of removal from 28 September 1996, did not change that principle or permit reassessment on the basis of a later lower depot sale price. A subsequent resale at a lower price therefore could not support a refund claim. The refund application was not maintainable, and rejection of the refund claims was upheld. Case-Laws Central Excise Mon, 28 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94024