https://www.taxtmi.com/caselaws?id=166975 The Tribunal rejected the Revenue's appeal, upholding the decision of the Commissioner (Appeals) regarding the payment of duty on capital goods used for a certain period. The Tribunal relied on precedent set in Cummins India Ltd. v. CCE, where it was held that duty should be paid on the transaction value at the time of clearance of capital goods, even after extended use. The Tribunal found no merit in the Revenue's argument and affirmed the decision of the Commissioner (Appeals), emphasizing the importance of consistent interpretation and application of relevant rules in tax disputes involving capital goods. en-us Tue, 12 Oct 2010 00:00:00 +0530 Thu, 20 Nov 2014 16:58:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166975 The Tribunal rejected the Revenue's appeal, upholding the decision of the Commissioner (Appeals) regarding the payment of duty on capital goods used for a certain period. The Tribunal relied on precedent set in Cummins India Ltd. v. CCE, where it was held that duty should be paid on the transaction value at the time of clearance of capital goods, even after extended use. The Tribunal found no merit in the Revenue's argument and affirmed the decision of the Commissioner (Appeals), emphasizing the importance of consistent interpretation and application of relevant rules in tax disputes involving capital goods. Case-Laws Central Excise Tue, 12 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166975