https://www.taxtmi.com/caselaws?id=117698 The Tribunal granted the applicant's request for waiver of pre-deposit of duty and penalty in a case concerning the assessable value of bulk drugs cleared to another unit. The dispute centered on the method of determining the cost of production, with the revenue's approach of considering the selling price of the final product being challenged by the applicant. The Tribunal sided with the applicant, emphasizing the discrepancy in value addition percentages and ruling that the revenue's calculation did not align with the Valuation Rules. As a result, the pre-deposit of duty and penalty was waived, and the case was scheduled for further proceedings. en-us Wed, 22 Feb 2006 00:00:00 +0530 Mon, 25 Jun 2012 18:36:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117698 The Tribunal granted the applicant's request for waiver of pre-deposit of duty and penalty in a case concerning the assessable value of bulk drugs cleared to another unit. The dispute centered on the method of determining the cost of production, with the revenue's approach of considering the selling price of the final product being challenged by the applicant. The Tribunal sided with the applicant, emphasizing the discrepancy in value addition percentages and ruling that the revenue's calculation did not align with the Valuation Rules. As a result, the pre-deposit of duty and penalty was waived, and the case was scheduled for further proceedings. Case-Laws Central Excise Wed, 22 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117698