https://www.taxtmi.com/caselaws?id=246167 For goods cleared on stock transfer to depots and sold later, valuation under Section 4(1) of the Central Excise Act turns on transaction value at the time and place of removal. Because the then-applicable definition of "place of removal" did not extend to depots after factory clearance, Rule 7 of the Central Excise Valuation Rules, 2000 could not add freight from the factory to the depots to assessable value. The Act prevails over delegated rules where there is inconsistency, so such transportation cost was excluded from valuation. en-us Wed, 05 Feb 2014 00:00:00 +0530 Tue, 02 Sep 2014 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246167 For goods cleared on stock transfer to depots and sold later, valuation under Section 4(1) of the Central Excise Act turns on transaction value at the time and place of removal. Because the then-applicable definition of "place of removal" did not extend to depots after factory clearance, Rule 7 of the Central Excise Valuation Rules, 2000 could not add freight from the factory to the depots to assessable value. The Act prevails over delegated rules where there is inconsistency, so such transportation cost was excluded from valuation. Case-Laws Central Excise Wed, 05 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246167