https://www.taxtmi.com/caselaws?id=119731 The Appellate Tribunal CESTAT, New Delhi, set aside the duty demand and penalty imposed on the appellant for discharging Central Excise duty on a lower value of petroleum products. The Tribunal held that the normal sale price at the time of sale should be considered as the assessable value under Section 4 of the Central Excise Act, rejecting the argument that assessable value should be based on the price at the time of delivery. As there was no evidence of price revision or payment based on revised prices, the Tribunal ruled in favor of the appellant, granting consequential relief. en-us Mon, 05 Jun 2006 00:00:00 +0530 Thu, 12 Jul 2012 17:52:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119731 The Appellate Tribunal CESTAT, New Delhi, set aside the duty demand and penalty imposed on the appellant for discharging Central Excise duty on a lower value of petroleum products. The Tribunal held that the normal sale price at the time of sale should be considered as the assessable value under Section 4 of the Central Excise Act, rejecting the argument that assessable value should be based on the price at the time of delivery. As there was no evidence of price revision or payment based on revised prices, the Tribunal ruled in favor of the appellant, granting consequential relief. Case-Laws Central Excise Mon, 05 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119731