https://www.taxtmi.com/caselaws?id=126669 The Tribunal ruled in favor of the applicant in a dispute over duty payment on warehoused petroleum products following the withdrawal of the warehousing facility by the Government. The Tribunal found that duty should be based on the Transaction Value rather than the value at midnight on the day of facility withdrawal, citing a previous order and a relevant circular. It ordered a waiver of the demanded sums, prohibited coercive measures by the Revenue, and extended the stay order beyond 180 days. This case underscores the importance of accurate interpretation of legal provisions and circulars in duty payment disputes. en-us Fri, 29 May 2009 00:00:00 +0530 Tue, 04 Dec 2012 14:47:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126669 The Tribunal ruled in favor of the applicant in a dispute over duty payment on warehoused petroleum products following the withdrawal of the warehousing facility by the Government. The Tribunal found that duty should be based on the Transaction Value rather than the value at midnight on the day of facility withdrawal, citing a previous order and a relevant circular. It ordered a waiver of the demanded sums, prohibited coercive measures by the Revenue, and extended the stay order beyond 180 days. This case underscores the importance of accurate interpretation of legal provisions and circulars in duty payment disputes. Case-Laws Central Excise Fri, 29 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126669