https://www.taxtmi.com/caselaws?id=155398 The Tribunal held that duty on stocks in warehouses should be based on transaction value at the time of removal, not on the value prevalent on a specific date. The Tribunal agreed with the appellant that duty should be paid based on transaction value, as per Central Excise Act, and not on the value as of a particular date. Penalties and interest were deemed unjustified as the demand for differential duty was unsustainable. The Tribunal set aside the order, allowing the appeal and emphasizing the consistent application of Section 4 for determining assessable value across different Commissionerates. en-us Thu, 01 Apr 2010 00:00:00 +0530 Tue, 29 May 2018 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155398 The Tribunal held that duty on stocks in warehouses should be based on transaction value at the time of removal, not on the value prevalent on a specific date. The Tribunal agreed with the appellant that duty should be paid based on transaction value, as per Central Excise Act, and not on the value as of a particular date. Penalties and interest were deemed unjustified as the demand for differential duty was unsustainable. The Tribunal set aside the order, allowing the appeal and emphasizing the consistent application of Section 4 for determining assessable value across different Commissionerates. Case-Laws Central Excise Thu, 01 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155398