https://www.taxtmi.com/caselaws?id=251588 The court ruled against the assessee, a manufacturer of Cotton Yarn, in a dispute over the assessment basis for duty refund. The Assessing Officer's decision to reject the refund claim was upheld, emphasizing that the declared factory price, not the subsequent depot price, should be final for assessment. The court emphasized the importance of determining both factory and depot prices and choosing the lower one for assessment, aligning with previous precedents. By overturning CESTAT's decision, the court confirmed the original assessment order, denying the refund claim and stressing the need for accuracy and consistency in duty refund assessments. en-us Thu, 13 Jun 2013 00:00:00 +0530 Fri, 19 Sep 2014 08:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251588 The court ruled against the assessee, a manufacturer of Cotton Yarn, in a dispute over the assessment basis for duty refund. The Assessing Officer's decision to reject the refund claim was upheld, emphasizing that the declared factory price, not the subsequent depot price, should be final for assessment. The court emphasized the importance of determining both factory and depot prices and choosing the lower one for assessment, aligning with previous precedents. By overturning CESTAT's decision, the court confirmed the original assessment order, denying the refund claim and stressing the need for accuracy and consistency in duty refund assessments. Case-Laws Central Excise Thu, 13 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251588