https://www.taxtmi.com/caselaws?id=126075 The Tribunal ruled that duty on goods, specifically LPG, should be paid based on the Administered Pricing Mechanism (APM) price rather than transaction value post-amendment to Section 4 of the Central Excise Act by Finance Act, 2000. The Tribunal granted waiver of pre-deposit and stay of recovery for the dues adjudged against the assessee, emphasizing consistent application of valuation principles for petroleum products and the impact of legislative amendments on valuation methods. The decision highlights the importance of legal precedents in determining the appropriate valuation basis for excisable goods. en-us Wed, 04 Mar 2009 00:00:00 +0530 Fri, 02 Nov 2012 10:34:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126075 The Tribunal ruled that duty on goods, specifically LPG, should be paid based on the Administered Pricing Mechanism (APM) price rather than transaction value post-amendment to Section 4 of the Central Excise Act by Finance Act, 2000. The Tribunal granted waiver of pre-deposit and stay of recovery for the dues adjudged against the assessee, emphasizing consistent application of valuation principles for petroleum products and the impact of legislative amendments on valuation methods. The decision highlights the importance of legal precedents in determining the appropriate valuation basis for excisable goods. Case-Laws Central Excise Wed, 04 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126075