https://www.taxtmi.com/caselaws?id=118319 The Tribunal determined that the assessable value of Pre-Stressed Concrete (PSC) pipes for a turnkey project should be assessed under Section 4(1)(a) of the Central Excise Act, considering the element of 'sale' and transfer of possession. Despite acknowledging the Revenue's strong case, the Tribunal adopted a lenient approach, requiring the appellants to deposit a partial amount while granting waiver of predeposit and stay of recovery for the remaining duty and penalty amounts. The interpretation of contract terms and the application of Rule 11 of the Central Excise Valuation Rules influenced the Tribunal's decision on the valuation method for the goods supplied. en-us Wed, 05 Jul 2006 00:00:00 +0530 Fri, 29 Jun 2012 18:22:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118319 The Tribunal determined that the assessable value of Pre-Stressed Concrete (PSC) pipes for a turnkey project should be assessed under Section 4(1)(a) of the Central Excise Act, considering the element of 'sale' and transfer of possession. Despite acknowledging the Revenue's strong case, the Tribunal adopted a lenient approach, requiring the appellants to deposit a partial amount while granting waiver of predeposit and stay of recovery for the remaining duty and penalty amounts. The interpretation of contract terms and the application of Rule 11 of the Central Excise Valuation Rules influenced the Tribunal's decision on the valuation method for the goods supplied. Case-Laws Central Excise Wed, 05 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118319