https://www.taxtmi.com/caselaws?id=241012 The Tribunal granted a waiver of duty, penalty, and interest amounting to Rs.8,28,03,702 and Rs.1,57,02,477, respectively, in a case concerning the valuation of petroleum products sold by an oil company to oil marketing companies. Relying on precedents and considering a circular issued by CBEC, the Tribunal stayed recovery pending an appeal, emphasizing the importance of legal precedents, regulatory circulars, and consistent legal interpretations in resolving taxation and valuation disputes in the petroleum industry. en-us Tue, 09 Apr 2013 00:00:00 +0530 Sun, 15 Dec 2013 10:32:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241012 The Tribunal granted a waiver of duty, penalty, and interest amounting to Rs.8,28,03,702 and Rs.1,57,02,477, respectively, in a case concerning the valuation of petroleum products sold by an oil company to oil marketing companies. Relying on precedents and considering a circular issued by CBEC, the Tribunal stayed recovery pending an appeal, emphasizing the importance of legal precedents, regulatory circulars, and consistent legal interpretations in resolving taxation and valuation disputes in the petroleum industry. Case-Laws Central Excise Tue, 09 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241012