https://www.taxtmi.com/caselaws?id=96107 The tribunal allowed the appeal in a case concerning the valuation of goods for excise duty assessment. The appellant, a manufacturer of medicines, claimed deductions for expenses like freight and taxes on an average basis from the depot price. The tribunal held that the denial of this deduction, amounting to approximately Rs. 80 lakhs, was incorrect. Citing Supreme Court precedent and a Board circular, the tribunal found the appellant's deduction method acceptable. Consequently, the duty demand was deemed unfounded, and the appeal was allowed, granting relief to the appellants. en-us Fri, 23 Mar 2001 00:00:00 +0530 Sat, 17 Dec 2011 12:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96107 The tribunal allowed the appeal in a case concerning the valuation of goods for excise duty assessment. The appellant, a manufacturer of medicines, claimed deductions for expenses like freight and taxes on an average basis from the depot price. The tribunal held that the denial of this deduction, amounting to approximately Rs. 80 lakhs, was incorrect. Citing Supreme Court precedent and a Board circular, the tribunal found the appellant's deduction method acceptable. Consequently, the duty demand was deemed unfounded, and the appeal was allowed, granting relief to the appellants. Case-Laws Central Excise Fri, 23 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96107